vu eco403 Final Term - Quiz No.11
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: When prices __________ at an extraordinary fast rate, it is called __________
Decrease; Deflation
Rise; Inflation
Rise; Disinflation
Rise; Hyperinflation
Question 2: Different firms change their prices at different times; this leads to:
Menu cost of inflation.
Shoe leather cost of inflation.
General inconvenience.
Relative price distortions.
Question 3: Gross domestic product measured in terms of the prices of a fixed, or base, year is:
Base GDP
Current GDP
Real GDP
Nominal GDP
Question 4: If the U.S. real exchange rate increases, then U.S. __________ will fall and U.S. __________ will rise.
Imports; exports
Income; imports
Exports; income
Exports; imports
Question 5: The determinants of demand curve include:
Income, tastes, and the price of the good
Income and tastes
Tastes and the price of other goods
Income, tastes, preferences and the price of other goods
Question 6: Which one of the following would cause a rightward shift in the long run aggregate supply curve?
An increase in the volume of goods exported
An increase in the productivity of labor and capital
An increase in the amount of cash in circulation
An increase in the rate of inflation
Question 7: According to intertemporal budget constraint, if current consumption current income then:
Consumers saving is negative
Consumers saving is positive
Consumers saving is zero
All of the given conditions are possible.
Question 8: In the solow model there is __________ type of capital.
One
Two
Three
Four
Question 9: A trade deficit occurs when:
A country sells more abroad than it purchases from abroad
Foreign firms open more stores in a country than the country opens in foreign countries
A countrys firms open more stores abroad than foreign firms open in the country
A country purchases more from abroad than other countries purchase from it
Question 10: As interest rate increases, fiscal policy crowds out:
Consumption
Investment
Taxes
Net exports
