vu eco403 Final Term - Quiz No.18
vu eco403 Macroeconomics Quiz
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Question 1: Which of the following measures the expected future profitability as well as the current profitability?
Tobins q
Sacrifice ratio
Real cost of capital
Okuns Law
Question 2: Which of the following best describes the definition of money?
The stock of assets used for transactions
The number of dollars in the hands of the public
A store of value, a unit of account, and a medium of exchange
All of the given options
Question 3: In the short run equilibrium, if output is above the full employment level, then price level will:
Rise
Fall
Remain constant
First rise then fall
Question 5: Economic growth occurs when there is a(n) __________ rate.
Increase in tax
Increase in the death
Decrease in birth
Increase in the economys productive
Question 7: The endogenous variables can best be defined as the:
Variables which are fixed at the moment they enter the model.
Variables which are determined within the model.
Variables which does not change in any time.
Variables from outside the model.
Question 8: Going to the dentist would be counted in GDP as:
A service
Crowns and fillings
Insurance utilization
Investment
Question 10: Trade policy is __________ on output under __________ exchange rate.
More effective; real
More effective; floating
More effective; real
Totally ineffective; floating