Economics Mcqs

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?

by
In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?

A. shift the short-run aggregate supply curve to the left
B. shift the aggregate demand curve to the right
C. shift the short-run aggregate supply curve to the right
D. shift the aggregate demand curve to the left

Which of the following statements about economic fluctuations is true ?

by
Which of the following statements about economic fluctuations is true ?

A. None of these answers
B. A depression is a mild recession
C. A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate together
D. A recession is when output rises above the natural rate of output

Historically countries at early stages of rapid economic development have tender to experience ?

by
Historically countries at early stages of rapid economic development have tender to experience ?

A. trade deficit and an excess of investment over domestic saving
B. trade surplus and an excess of investment over domestic saving
C. trade deficits and an excess of domestic savings over investment
D. trade surpluses and an excess of domestic saving over investment

When a country has a trade deficit it ?

by
When a country has a trade deficit it ?

A. purchases more stocks and bonds from the rest of the world than it sells
B. purchases more goods from the rest of the world than it sells
C. sells more goods to the rest of the world than it purchases
D. sells more stocks and bonds to the rest of the world than it purchases