Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

Related Mcqs:

1. The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?

   A. Income effect
   B. Substitution effect
   C. Labour effect
   D. All

2. Excess utility over price derived by the consumers because of negative sloping demand curve ?

   A. Producer surplus
   B. Consumer surplus
   C. Marginal utility
   D. Demand surplus

3. An increase either in real output (GDP) or in real output per capita is called___________________?

   A. Economic development
   B. Economic growth
   C. Growth rate
   D. Economic efficiency

4. Increase in the price level at a rate greater than expected ?

   A. Dearness
   B. Deflation
   C. Stagflation
   D. Unanticipated

5. A measure of average output or real output per unit of input is called____________________?

   A. Efficiency
   B. Production
   C. Productivity
   D. None

6. The demand schedule or the demand curve of all buyers of a good or service is called____________________?

   A. Market demand
   B. Total demand
   C. Both
   D. None

7. Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by________________?

   A. Gini co-efficient
   B. Rostow’s model
   C. Lewis theory
   D. None

8. When price for one and demand for other move in same direction we say them___________________?

   A. Complementary
   B. Substitutes
   C. Supplementary
   D. None

9. The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?

   A. Depreciation
   B. Downsizing
   C. Rightsizing
   D. All

10. Recurring increase and decrease in the level of economic activity over periods of years?

    A. Business cycle
    B. Cyclic flow
    C. Both
    D. None