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

Related Mcqs:

1. An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

   A. Command economy
   B. Closed economy
   C. Open economy
   D. None

2. 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 ?

   A. Demand pull inflation
   B. Stagflation
   C. Both
   D. None

3. A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

   A. IMF
   B. Islamic Bank
   C. Commercial bank
   D. None

4. An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

   A. Pure capitalism
   B. Command Economy
   C. Closed economy
   D. Open economy

5. ______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

   A. Traditional economy
   B. Political economy
   C. Capitalistic economy
   D. Open economy

6. “All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

   A. Economic development theory
   B. Big Push theory of development
   C. Rostow’s development plan
   D. Harod Domes model

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

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

8. A decrease in the governmentally defined value of currency ____________________?

   A. Inflation
   B. Devaluation
   C. Cheapness
   D. All

9. An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

   A. Increasing cost industry
   B. Decreasing cost industry
   C. Declining industry
   D. None of these

10. The activity of buying or selling with the motive of later reselling or re buying for profit is called ?

    A. Spillover
    B. Speculation
    C. Specializing
    D. All