What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

Related Mcqs:

1. How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?

   A. Market Economy
   B. Harvard Group
   C. Keynesian
   D. London Group

2. Fiscal policy is weak under floating exchanges rates as fiscal expansion ?

   A. crowds out imports
   B. crowds out public consumption
   C. crowds out exports
   D. reduces the budget deficit

3. The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?

   A. Predatory dumping
   B. sporadic dumping
   C. persistent dumping
   D. year end dumping

4. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?

   A. End benefit
   B. Trickle down
   C. Free market
   D. Capitalism

5. By using fiscal policy, i (e) varying ______ and/or _____ governments achieve goals for output and employment growth as well as price stability?

   A. demand pull inflation tax elasticity
   B. interest rates, financial liberalization
   C. interest rates, tax rates
   D. tax rates, government spending

6. What growth rate was witnessed in agriculture sector last fiscal year ?

   A. 1.4%
   B. 2%
   C. 1.9%
   D. 2.9%

7. Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?

   A. sell 4 million pounds of tin
   B. sell 8 million pounds of tin
   C. buy 4 million pounds of tin
   D. buy 8 million pounds of tin

8. Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers wished to move output to its long run natural rate they should attempt to ?

   A. Shift aggregate demand to the left
   B. Shift short run aggregate supply to the left
   C. shift aggregate demand to the right
   D. shift short-run aggregate supply to the right

9. In a recession ?

   A. Unemployment is likely to be low
   B. Prices are likely to increase
   C. Growth is negative
   D. Growth is slow

10. If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?

    A. depreciate
    B. not be affected
    C. fluctuate more than it would do therwise
    D. appreciate