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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

According to the classical economists, those who are not working ?

A have chosen not to work at the market wage

B have given up looking for a job but would accept a job at the current wage if one were offered to them.

C are too productive to be hired at the current wage

D are unable to find a job at the current wage rate

Review Detailed Answer

Correct Answer: have chosen not to work at the market wage

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

A a vertical (or almost vertical)

B a downward sloping

C a horizontal (or almost horizontal)

D an upward sloping

Review Detailed Answer

Correct Answer: a vertical (or almost vertical)

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

A 30%

B 10%

C 70%

D 40%

Review Detailed Answer

Correct Answer: 40%

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

A voluntary unemployment

B classical unemployment

C voluntary unemployment

D Frictional unemployment

Review Detailed Answer

Correct Answer: voluntary unemployment

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

A Smaller

B Larger

C the same size

D None of these

Review Detailed Answer

Correct Answer: Larger

An advocate of the classical model of the economy would claim that unemployment is created when the is above its equilibrium level in the __?

A price level, aggregate economy

B tax rate, government budget

C wage rate, labor market

D interest rate, market for loanable funds

Review Detailed Answer

Correct Answer: wage rate, labor market

The long-run Phillips curve is at the ?

A horizontal, natural rate of inflation

B horizontal natural rate of unemployment

C vertical natural rate of inflation

D vertical equilibrium rate of unemployment

Review Detailed Answer

Correct Answer: vertical equilibrium rate of unemployment

Governments may contribute to inflationary pressure because of building up large ?

A numbers of employees

B welfare plans

C budget deficits

D expenditures

Review Detailed Answer

Correct Answer: budget deficits

In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

A fall

B increase

C remain the same

D fluctuates

Review Detailed Answer

Correct Answer: increase

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

Review Detailed Answer

Correct Answer: short-term long run

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

According to the classical economists, those who are not working ?

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

An advocate of the classical model of the economy would claim that unemployment is created when the is above its equilibrium level in the __?

The long-run Phillips curve is at the ?

Governments may contribute to inflationary pressure because of building up large ?

In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

The Keynesian model is a good guide to behavior and the classical model describes behavior in __?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

According to the classical economists, those who are not working ?

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

The long-run Phillips curve is ____ at the ____?

Governments may contribute to inflationary pressure because of building up large ?

In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

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

An advocate of the classical model of the economy would claim that unemployment is created when the is above its equilibrium level in the __?

The long-run Phillips curve is at the ?

The Keynesian model is a good guide to behavior and the classical model describes behavior in __?