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Economics Mcqs

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A. New classical economists
B. Keynesian.
C. Marxists
D. Monetarists

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The measured unemployment rate can be pushed below the natural rate, but ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The measured unemployment rate can be pushed below the natural rate, but ?

A. only in the short run, and not without inflation
B. only in the long run and not without inflation
C. only is the short run and only if the price level is constant
D. only in the long run and only if the price level is constant

The measured unemployment rate can be pushed below the natural rate, but ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The natural rate of unemployment is generally thought to be the sum of ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The natural rate of unemployment is generally thought to be the sum of ?

A. frictional unemployment and seasonal unemployment
B. frictional unemployment and cyclical unemployment
C. frictional unemployment and structural unemployment
D. cyclical unemployment and structural unemployment

The natural rate of unemployment is generally thought to be the sum of ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

Those who hold the classical view of the labor market are likely to believe that ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
Those who hold the classical view of the labor market are likely to believe that ?

A. neither monetary nor fiscal policy will have an effect on output and employment
B. monetary but not fiscal policy will have an effect on output and employment
C. Fiscal, but not monetary policy will have an effect on output and employment
D. both monetary and fiscal policy will have an effect on output and employment

Those who hold the classical view of the labor market are likely to believe that ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A. quickly
B. slowly
C. very infrequently
D. instantly

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation