A. fine tuning
B. monestarism
C. microeconomics foundations of macroeconomics
D. the classical model
Related Mcqs:
- In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?
A. personal saving and private investment
B. personal saving and personal consumption
C. personal consumption and private investment
D. None of the above - Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium economic theory suggests that the nation’s balance of payments would move into a surplus position if there occurred in the nation a (an) ?
A. increase in the money demand
B. decrease in the money demand
C. increase in the money demand
D. None of the above - Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?
A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
B. The classical model to explain the prolonged existence of high unemployment during the Great Depression
C. fine tuning during the 1960s
D. the economy to grow at a rapid rate during the 1950s - Indicate below what is NOT a main macroeconomic goal ?
A. Increasing North Sea oil production
B. Reducing unemployment
C. Achieving a sustainable rate of economic growth
D. Reducing inflation - Which of the following could not be described as an asymmetric macroeconomic shock ?
A. None of these answers All of them are asymmetric macroeconomic shocks
B. A sudden and substantial fall in the worldwide demand for French wine
C. An epidemic of an animal disease in a country that significantly reduces the country’s agricultural output
D. A sudden and substantial rise in prices on the world oil market - Which of the following is macroeconomic issue ?
A. The price of houses in karachi
B. The wage rate for plumbers in Islamabad
C. Your decision to work or stay at home
D. The level of unemployment is pakistan - Which of the following is not a macroeconomic issue ?
A. Unemployment
B. Inflation
C. The wages paid to footballers
D. Economic growth - If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?
A. The price of autos within the nation will rise by 10 percent
B. The price of autos within the nation will rise by less than 10 percent
C. The price of autos within the nation will rise by more than 10 percent
D. The price of autos will not rise because of internal competition - If a nation fitting the criteria for the large nation model imposes an import tariff ?
A. the domestic price of the product will increase by more than the tariff itself
B. The domestic price of the product will increase by the same amount as the tariff
C. The domestic price of the product will increase by less than the tariff
D. None of the above - Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium its balance of payments would move into a surplus position if there occurred in the nation a (an) ?
A. decrease in the money supply
B. increase in the money supply
C. decrease in the money demand
D. None of the above
