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
Related Mcqs:
- A critic of “Shock therapy” to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ?
A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
B. agricultural reform rather than industrial reforms to overcome food insecurity
C. the creation of a small-scale private sector ans small independent banks
D. attempts to gradually remake institutions - When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?
A. adverse selection
B. moral hazard
C. social goods
D. hyperinflation - 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 - 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 - 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 - 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 - The nation that the government can establish the macroeconomic is known as ?
A. fine tuning
B. monestarism
C. microeconomics foundations of macroeconomics
D. the classical model - Policy makers are said to “accommodate” an adverse supply shock if they ?
A. fail to respond to the adverse supply shock and allow the economy to adjust on its own.
B. respond to the adverse supply shock by decreasing aggregate demand which lower prices
C. respond to the adverse supply shock by decreasing short run aggregate supply
D. respond to the adverse supply shock by increasing aggregate demand, which further raises prices - The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ?
A. monopolistically competitive
B. a monopoly
C. an oligopoly
D. competitive
