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Economics Mcqs

In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

A. fall
B. increase
C. remain the same
D. fluctuates

In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

A. long run, short run
B. flexible imperfect markets
C. short-term long run
D. long run, imperfect markets

The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation
B. a supply shock
C. crowding out
D. inflation illusion

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

A. minimize negotiation costs
B. minimize unemployment effects
C. guarantee that only the least productive workers will be laid off.
D. will equitable spread the layoffs among junior and senior workers

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

A. an implicit or social contract
B. a relative-wage contract
C. employment at will
D. an explicit contract

An unspoken agreement between workers and firms that the firm will not cut wages is known as ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

A. lower unemployment rate will tend to lower the inflation rate
B. lower unemployment rate will tend to raise the inflation rate
C. raise inflation rate will tend to raise the unemployment rate
D. lower inflation rate will tend to raise the unemployment rate

The view of the Phillips curve that prevailed in the 1960s implied that policies that ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The Phillips curve is a graph showing the relationship between ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The Phillips curve is a graph showing the relationship between ?

A. the price level and the unemployment rate
B. the inflation rate and the unemployment rate
C. the level of aggregate output and the price level
D. the inflation rate and the level of aggregate demand

The Phillips curve is a graph showing the relationship between ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation