vu eco403 Final Term - Quiz No.10
vu eco403 Macroeconomics Quiz
This quiz belongs to book/course code vu eco403 Macroeconomics of vu organization. We have 22 quizzes available related to the book/course Macroeconomics. 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: Structural unemployment occurs:
With economic fluctuations; it increases during bad times and decreases during goodtimes
Because of a mismatch between the jobs that are available in the economy and the skillsof workers seeking jobs
Naturally during the normal workings of an economy, as people change jobs, moveacross the country, etc
Because the government labels some people who are notreally in the labor force asunemployed
Question 2: Money that has an alternative use as an economic good is known as:
Commodity money.
Fiat money.
E-money.
Bad money.
Question 3: In a macroeconomic model without foreign trade or government spending, aggregate demand is the sum of:
Personal saving and private investment
Personal saving and personal consumption
Personal consumption and personal income
Personal consumption and private investment
Question 4: The __________ refers to the separation of __________ and __________ variables
Classical dichotomy; real; nominal
Keynes dichotomy; dependent; independent
Classical dichotomy; exogenous; endogenous
Classical dichotomy; real wages; real
Question 5: Fluctuations in economic activity can be caused by:
An increase in aggregate demand
A decrease in aggregate demand
A decrease in short run aggregate supply
All of the given options
Question 6: The nominal interest rate is:
Unadjusted for the effects of inflation
The interest rate quoted in financial markets
Both unadjusted for the effects of inflation and the interest rate quoted infinancial markets
None of the given options
Question 7: Tobins q is defined as the ratio of the:
Market value of installed capital to the replacement cost of installed capital
Profits of capital to the rental rate of capital
Rental rate of capital to the replacement cost of capital
Profits of capital to the marginal product of capital
Question 8: Social security payments are examples of which of the following?
Services
Non-durable goods
Durable goods
Transfer payments
Question 9: Compared to the aggregate market model, the multiplier effect in the Keynesian cross model is:
Larger
Smaller
Exactly the same
Often larger, but sometimes smaller
Question 10: If the production function Y = F(K, L) has __________ then __________
Constant returns to scale; F(zK, zL) = zY
Increasing returns to scale; F(zK, zL) = zY
Constant returns to scale; F(Y/L, zL) = zY.
Decreasing returns to scale; F(zK, zL) = y