vu eco401 Final Term - Quiz No.6
vu eco401 Economics Quiz
This quiz belongs to book/course code vu eco401 Economics of vu organization. We have 33 quizzes available related to the book/course Economics. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?
IS curve must be vertical.
LM curve must be vertical.
Central Bank must have increased the money supply at the same time.
Central Bank must have decreased the money supply at the same time.
Question 2: Microeconomics is the branch of economics that deals with which of the following?
Individual consumers.
Individual firms and investors.
Unemployment and interest rates.
Individual consumers, individual firms and investors.
Question 3: A contractionary fiscal policy shifts
The aggregate demand curve to the left.
The aggregate demand curve to the right
The aggregate supply curve to the right
The aggregate supply curve to the left
Question 4: The percentage change in quantity demanded given a percentage change in consumers income is known as:
Price elasticity of demand.
Income elasticity of demand.
Supply price elasticity.
Cross price elasticity.
Question 5: Arifa in her recent address in National assembly said that poverty should be reduced in Pakistan. Which category her statement falls in?
Normative
Positive
Negative
None of the given
Question 7: As price increases total revenue decreases in case of
Inelastic demand.
Unit elastic demand
Zero elastic demand
Elastic demand
Question 9: Which of the following is (are) primary function (s) of a central bank?
I. Act as a regulator of banks.
II. Issue government bonds.
III. Set monetary policy.
I. Act as a regulator of banks.
II. Issue government bonds.
III. Set monetary policy.
I only.
I and III.
I and II.
I, II and III
Question 10: Which of the following will happen by an increase in net exports all other things being equal?
It will result in a movement downward along the aggregate demand curve
It will increase aggregate demand
It will increase aggregate supply
It will not change aggregate demand or aggregate supply in the domestic economy.
