vu eco403 Final Term - Quiz No.12
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: Who first derived the implications of rational expectations for consumption?
Keynes
Friedman
Robert Hall
Adam Smith
Question 2: A rise in the general level of interest rates is most likely to cause a fall in:
The level of planned capital investment
The exchange rate
The rate of unemployment
The savings ratio
Question 3: Which of the following is true about M1?
It is the narrowest definition of the money supply.
It includes the most liquid forms of money.
It includes travelers' checks.
All of the given options are true.
Question 4: Full-employment output does not depend on the price level, so the long run aggregate supply (LRAS) curve is __________.
horizantal
vertical
convex
inverse
Question 6: Which of the following factors encourage technological progress?
The patent system.
Tax incentives for research and development.
Government subsidies for research.
All of the given options.
Question 7: The change in total product of labor resulting from a change in a labor input is known as:
Marginal product of capital.
Average product of labor.
Average product of capital.
Marginal product of labor.
Question 8: Gross National Product minus net factor income from abroad yields:
Net national product
Disposable personal income
National income
Gross domestic product
Question 9: Which of the following is NOT included in M1?
Deposits in checking accounts
Deposits in checking accounts that pay interest
Currency held by the public
None of the given options
Question 10: Revenue cost = __________
Inflation rate
Interest rate.
Discount rate
Profit rate
