vu eco403 Final Term - Quiz No.21
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: Which of the following is a key problem resulting from inflation?
Prices are stable
Certainty of future prices
A haphazard redistribution of income
An increase in the value of money
Question 2: According to Keynes, income is primary determinant of:
Taxes
Consumption
Interest rate
Investment
Question 3: Final goods and services are those that are:
Double counted in the calculation of GDP
Sold to ultimate or final purchasers
Produced outside the country
Used in the production of other goods and services
Question 4: IS* curve shows the negative relationship between which of the following?
Nominal exchange rate and price level
Nominal exchange rate and output level
Nominal exchange rate and interest rate
Output and interest rate
Question 5: The standard of living is often measured by which of the following?
Real GDP per capita
Real GDP / depreciation
Real GDP population
Real GDP plus depreciation
Question 6: An increase in investment is most likely to be caused by:
Lower interest rates.
Lower national income.
A decrease in the marginal propensity to consume.
An increase in withdrawals.
Question 7: The aggregate supply curve in the short run is different from the aggregate supply curve in the long run due to:
The recurring nature of supply shocks
The existence of sticky prices in the short run
The wealth effect
The crowding out effect
Question 8: The circular flow is used to make the point that:
Households are both earners and spenders.
Production generates income.
Unemployment only occurs during a recession.
Rising prices never occur during times of unemployment.
Question 9: The life-cycle hypothesis states that consumption is a function of:
Current income only
Current income and future income
Current income and wealth
Current income, future income, and wealth
Question 10: Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called
Structural unemployment.?
Frictional unemployment.?
Natural unemployment.?
Cyclical unemployment.?
