Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Economics Mcqs

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

Economics Mcqs, The National Economy /
Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
B. The classical model to explain the prolonged existence of high unemployment during the Great Depression
C. fine tuning during the 1960s
D. the economy to grow at a rapid rate during the 1950s

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ? Read More »

Economics Mcqs, The National Economy

Macroeconomics is the branch of economics that deals with ?

Economics Mcqs, The National Economy /
Macroeconomics is the branch of economics that deals with ?

A. imperfectly competitive markets:
B. Only the long run adjustments to equilibrium in the economy
C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
D. the economy as a whole

Macroeconomics is the branch of economics that deals with ? Read More »

Economics Mcqs, The National Economy

If people have rational expectations a monetary policy contraction that is announced and is credible could ?

Economics Mcqs, The Phillips Curve /
If people have rational expectations a monetary policy contraction that is announced and is credible could ?

A. reduce inflation with little or no increase in unemployment
B. Increase inflation but would decrease unemployment by an unusually large amount
C. increase inflation with little or no decrease in unemployment
D. reduce inflation but it would increase unemployment by an unusually large amount

If people have rational expectations a monetary policy contraction that is announced and is credible could ? Read More »

Economics Mcqs, The Phillips Curve

Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

Economics Mcqs, The Phillips Curve /
Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

A. H
B. F
C. E
D. c

Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ? Read More »

Economics Mcqs, The Phillips Curve

Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?

Economics Mcqs, The Phillips Curve /
Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?

A. d
B. G
C. E
D. b

Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ? Read More »

Economics Mcqs, The Phillips Curve

Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?

Economics Mcqs, The Phillips Curve /
Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?

A. b
B. I
C. a
D. H

Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ? Read More »

Economics Mcqs, The Phillips Curve

A decrease the Price of foreign oil ?

Economics Mcqs, The Phillips Curve /
A decrease the Price of foreign oil ?

A. Shifts the short-run Phillips curve downward and make the unemployment inflation trade-off less favorable
B. Shifts the short run Phillips curve upward and makes the unemployment inflation trade-off more favorable
C. Shifts the short run Phillips curve upward and makes the Unemployment inflation trade off more favorable
D. Shifts the short run Phillips curve downward and makes the unemployment inflation trade off more favorable

A decrease the Price of foreign oil ? Read More »

Economics Mcqs, The Phillips Curve

According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

Economics Mcqs, The Phillips Curve /
According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

A. The economy will experience an increase in inflation
B. The economy will experience a decrease in inflation
C. Inflation will be unaffected if price expectations are unchanging
D. None of these answers

According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ? Read More »

Economics Mcqs, The Phillips Curve