The classical model of macroeconomics assumes ?

Related Mcqs:

1. The regarding the new classical macroeconomics is hoe realistic is the assumption ?

   A. that monetary policy affects aggregates demand B. that markets do not clear quickly C. that fiscal policy affects aggregate demand D. of rational expectations....

2. The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

   A. long run, short run B. flexible imperfect markets C. short-term long run D. long run, imperfect markets...

3. The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

   A. factor endowments B. factor intensities C. technology D. opportunity costs...

4. The kinked demand curve model of oligopoly assumes the elasticity of demand ?

   A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease B. is perfectly elastic if price increases and perfectly inelastic if price decreases C. is constant regardless of whether price increase of decrease. D. in response to a price increases is more elastic than...

5. The multiplier accelerator model assumes ____ depends on ______?

   A. consumption expected future profits B. investment, interest rates C. investment expected future profits D. stock building interest rates...

6. The marginal product model assumes that ?

   A. individuals pay the full cost of their education B. government subsidizes schooling C. education persons migrate more D. capital and unskilled labor are complements...

7. Macroeconomics deals with?

   A. the behavior of the electronics industry B. the behavior of firms C. economics aggregates D. the activities of individual units...

8. Macroeconomics is the study of ?

   A. individual building blocks in the economy B. the relationship between different sectors on the economy C. household purchase decisions D. the economy as a whole...

9. The key issues of macroeconomics are ?

   A. unemployment B. inflation C. economic growth D. All of the above...

10. In macroeconomics, equilibrium is defined as that point at which ?

    A. aggregate output equals consumption minus investment B. saving equals consumption C. Planned aggregate expenditure equals aggregate output D. planned aggregate expenditure equals consumption...