For equilibrium in an open four sector economy ?

Related Mcqs:

1. Suppose the economy is initially in long run equilibrium Then suppose there is a drought that destroys much of the wheat crop if policymakers allow the economy to adjust to long-run equilibrium on its own, according to the model to aggregate demand and aggregate supply what happens to prices and output in the long run ?

   A. Output rises; prices are unchanged from the initial value B. Output and the price level are unchanged from their initial values C. Output falls; prices are unchanged from the initial value D. Prices fall; output is unchanged from its initial value...

2. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. In the long run a monetary contraction will move the economy in the direction of point ?

   A. F B. a C. H D. I...

3. Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?

   A. d B. G C. E D. b...

4. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

   A. H B. F C. E D. c...

5. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...

6. Aggregate demand in an economy trading internationally with a government sector can be written as ?

   A. AD = C + I B. AD = C + I + G C. AD = C + I + G + X + Z D. AD = C + I + G + X – Z...

7. Industry is the second largest sector of the economy. How much of GDP it accounts for ?

   A. 16.5% B. 18.2% C. 19.7% D. 20.5%...

8. Which one of the following is the largest sector of Pakistan’s economy ?

   A. Agriculture B. Banking C. Industry D. Manufacturing...

9. Which one of the following is the largest sector of Pakistan’s economy ?

   A. Agriculture B. Banking C. Industry D. Manufacturing...

10. Extraction of raw materials occurs in which sector of the economy ?

    A. Primary B. Secondary C. Tertiary D. Quaternary...