vu eco403 Final Term - Quiz No.19
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: In the Keynesian Cross model, the 45-degree line shows points at which:
Income and expenditures are equal
Income is greater than expenditures
The MPC is equal to 1
The MPC is equal to 0.5
Question 2: The relative price of domestic goods in terms of foreign goods is known as:
Real exchange rate
Nominal exchange rate
Discount rate
Inflation rate
Question 3: Modigliani presented the life cycle hypothesis in:
1957
1950
1960
1966
Question 4: Scarcity can best be defined as a situation in which:
There are no buyers willing to purchase what sellers have produced.
There is more than enough money to satisfy consumers wants.
Resources are limited in quantity and can be used in different ways.
There are not enough goods to satisfy all of the buyers demand.
Question 5: Keeping in mind the functions of money, which one of the following is not money?
Currency
Checks
Time deposits
Credit cards
Question 6: Which of the following equations is correct?
Real exchange rate = (exchange rate + domestic price level) / foreign price level
Exchange rate = (real exchange rate x domestic price level) / foreign price level
Real exchange rate = (nominal exchange rate x domestic price level) x foreign price level
Real exchange rate = (nominal exchange rate x domestic price level) / foreign price level
Question 7: In the Solow growth model with technological growth,Y/L =y * E shows __________ per worker.
Output
labor
capital
technology
Question 8: Resources in an economy:
Are always fixed
Can never decrease
Always increase over time
Are limited at any moment in time
Question 9: Which one of the following is likely to result in a rightward shift of the short run aggregate supply curve?
An increase in indirect taxation on producers
A decrease in government spending
An increase in planned capital investment spending by businesses
A decrease in wage rates
Question 10: Which of the following is NOT a factor of production?
Land
Labor
Capital
Investment
