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Macroeconomic Issues and Analysis

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.

As prices rise. People will want to keep more money as cash and in bank accounts This is called ? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

A. Regional
B. structural
C. seasonal
D. demand-deficient

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis

Cyclical unemployment is the ?

Cyclical unemployment is the ?

A. Portion of unemployment that is due to the normal working of the labour market
B. Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries.
C. Unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.
D. Unemployment that occurs during recessions and depressions.

Cyclical unemployment is the ? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis

The labour force can be defined as ?

The labour force can be defined as ?

A. Those who could claim benefit if they were to become unemployed.
B. The population between school leaving age and retirement age.
C. anyone who is working or actively seeking work
D. Those of working age who are seeking work and are available to for work at current wage rates.

The labour force can be defined as ? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis