Each point on the LM curve represents the equilibrium point in the ?

Related Mcqs:

1. Each point on the IS curve represents the equilibrium point in the ?

   A. goods market for the given interest rate
   B. goods market for the given level of government spending
   C. money market for the given level of the money supply
   D. money market for the given value of aggregate output

2. Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations ?

   A. relatively greater than
   B. relatively less than
   C. the same as
   D. Any of the above

3. Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

   A. relatively greater then
   B. relatively less than
   C. the same as
   D. any of the above

4. The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?

   A. At their lowest points
   B. When they are declining
   C. When they are increasing
   D. When marginal revenue is zero

5. In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?

   A. Upward-sloping portion of the average total cost curve
   B. upward-sloping portion of the average variable cost curve
   C. portion of the marginal cost curve that lies above the average total cost curve.
   D. entire marginal cost curve.
   E. portion of the marginal-cost curve that lies above the average variable cost curve

6. Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

   A. An fall in demand
   B. An increase in supply
   C. improvements in production technology
   D. An increase in demand

7. Keynesians and monetarists differ over how steep the IS and LM curves actually are Monetarists claim that the IS curve must be __________ and the LM curve must be __________?

   A. flat; steep
   B. flat; flat
   C. steep; flat
   D. steep; steep

8. The curve that illustrates the negative relationship between the equilibrium values of aggregate output and the interest rate in the goods market is the ?

   A. aggregate supply curve
   B. LM curve
   C. aggregate demand curve
   D. IS curve

9. The curve that illustrates the positive relationship between the equilibrium values of aggregate output and the interest rate in the money market is the ?

   A. money supply curve
   B. LM curve
   C. money demand curve
   D. IS curve

10. For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?

    A. SMC, LMC
    B. SMC above SAVC, LMC above LAC
    C. SMC below SAVC, LMC above LAC
    D. SMC below SAVC, LMC bellow LAC