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Economics Mcqs | Miscellaneous Economics Mcqs

New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?

New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?

A. reduce poverty
B. reduce unemployment
C. weaken the power of trade unions
D. help small businesses

Read More New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?
Economics Mcqs | Miscellaneous Economics Mcqs

According to the Laffer curve as tax rates increase tax revenue ?

According to the Laffer curve as tax rates increase tax revenue ?

A. initially increase and then decrease
B. decrease continuously
C. rise continuously
D. initially decrease and then increase

Read More According to the Laffer curve as tax rates increase tax revenue ?
Economics Mcqs | Miscellaneous Economics Mcqs

According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?

According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?

A. aggregate supply will increase , aggregate demand will decrease
B. aggregate supply will increase, aggregate output will increase and the price level will decrease
C. aggregate supply will increase aggregate output will increase and the price level will increase
D. both aggregate supply and demand will increase and the price level will increase

Read More According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
Economics Mcqs | Miscellaneous Economics Mcqs

A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?

A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?

A. supply side economists
B. neo-Keynesian economists
C. rational -expectations economists
D. New classical economists

Read More A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?
Economics Mcqs | Miscellaneous Economics Mcqs

The accelerator theory of investment says that induced investment is determined by ?

The accelerator theory of investment says that induced investment is determined by ?

A. the level of national income
B. the level of aggregate demand
C. the rate of change of national income
D. expectations

Read More The accelerator theory of investment says that induced investment is determined by ?
Economics Mcqs | Miscellaneous Economics Mcqs

According to the paradox of thrift increased efforts to save will cause ?

According to the paradox of thrift increased efforts to save will cause ?

A. an increase in income and an increase in overall saving
B. a decrease in income and an overall decrease in saving
C. a decrease in income but an increase in saving
D. an increase in income but no overall change in saving

Read More According to the paradox of thrift increased efforts to save will cause ?
Economics Mcqs | Miscellaneous Economics Mcqs

Assuming there is no government or foreign sector the formula for the multiplier is ?

Assuming there is no government or foreign sector the formula for the multiplier is ?

A. 1/MPS
B. 1/(1+ MPC)
C. 1 – MPC
D. 1/MPC

Read More Assuming there is no government or foreign sector the formula for the multiplier is ?
Economics Mcqs | Miscellaneous Economics Mcqs

Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?

Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?

A. 5
B. 8
C. 2
D. 1.25

Read More Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?
Economics Mcqs | Miscellaneous Economics Mcqs

In macroeconomics, equilibrium is defined as that point at which ?

In macroeconomics, equilibrium is defined as that point at which ?

A. aggregate output equals consumption minus investment
B. saving equals consumption
C. Planned aggregate expenditure equals aggregate output
D. planned aggregate expenditure equals consumption

Read More In macroeconomics, equilibrium is defined as that point at which ?
Economics Mcqs | Miscellaneous Economics Mcqs

The proportion of an increase in national income paid in tax is ?

The proportion of an increase in national income paid in tax is ?

A. the fiscal stance
B. the tax multiplier
C. the marginal tax propensity
D. the average tax propensity

Read More The proportion of an increase in national income paid in tax is ?