A. new-Keynesian.
B. post-Keynesian.
C. classical economists.
D. Keynesian.
The economists who emphasised wage flexibility as a solution for unemployment were ? Read More »
Economics Mcqs, Roots of Modern Macroeconomics A. monetarists.
B. keynesians
C. post-keynesians
D. new classical school
A. Keynesians
B. post-keynesians
C. monetarists
D. new classical school
A. how unemployment could have persisted for so long during the Great Depression
B. The increase in the growth rate of real output in the 1950s
C. the stagflation of the 1970s
D. Why policy changes that are perceived as permanent have more of an impact on a person’s behaviour than policy changes that are viewed as temporary.
New classical theories were an attempt to explain ? Read More »
Economics Mcqs, Roots of Modern Macroeconomics A. not constant and the quantity theory of money does hold.
B. constant and the quantity theory of money does hold.
C. not constant and the quantity theory of money does not hold.
D. constant and the quantity theory of money does not hold.
If the demand for money depends on the interest rate the velocity of circulation is ? Read More »
Economics Mcqs, Roots of Modern Macroeconomics A. the fallacy of composition
B. negative entropy.
C. hysteresis.
D. ceteris paribus
A. consistently overestimate the actual rate of inflation in the future.
B. are always correct
C. consistently underestimate the actual rate of inflation in the future
D. are correct on average, but are subject to errors that are distributed randomly
A. slump
B. inflation
C. stagflation
D. stagnation
A. laissez-faire.
B. monetary policy
C. fine tuning
D. automatic stablisers
A. stagflation in the late 1970s
B. demand-pull inflation in the 1960s
C. low growth rates in the 1950s
D. The prolonged existence of high unemployment during the Great depression
Keynesian economics became popular because it was able to explain ? Read More »
Economics Mcqs, Roots of Modern Macroeconomics