MCQsDrive | MCQsDrive

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.

The equilibrium inflation rate is determined by the intersection of _ and _?

A demand, supply

B IS, LM

C AD, AS

D Labor demand, labor supply

Review Detailed Answer

Correct Answer: AD, AS

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A inflation

B a supply shock

C crowding out

D inflation illusion

Review Detailed Answer

Correct Answer: inflation

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

A minimize negotiation costs

B minimize unemployment effects

C guarantee that only the least productive workers will be laid off.

D will equitable spread the layoffs among junior and senior workers

Review Detailed Answer

Correct Answer: minimize negotiation costs

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

A an implicit or social contract

B a relative-wage contract

C employment at will

D an explicit contract

Review Detailed Answer

Correct Answer: an implicit or social contract

The expectations augmented Phillips curve was the Work of which group of economists ?

A New classical economists

B Keynesian.

C Monetarists

D Marxists.

Review Detailed Answer

Correct Answer: Monetarists

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

A lower unemployment rate will tend to lower the inflation rate

B lower unemployment rate will tend to raise the inflation rate

C raise inflation rate will tend to raise the unemployment rate

D lower inflation rate will tend to raise the unemployment rate

Review Detailed Answer

Correct Answer: lower unemployment rate will tend to raise the inflation rate

The Phillips curve is a graph showing the relationship between ?

A the price level and the unemployment rate

B the inflation rate and the unemployment rate

C the level of aggregate output and the price level

D the inflation rate and the level of aggregate demand

Review Detailed Answer

Correct Answer: the inflation rate and the unemployment rate

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A New classical economists

B Keynesian.

C Marxists

D Monetarists

Review Detailed Answer

Correct Answer: Keynesian.

The measured unemployment rate can be pushed below the natural rate, but ?

A only in the short run, and not without inflation

B only in the long run and not without inflation

C only is the short run and only if the price level is constant

D only in the long run and only if the price level is constant

Review Detailed Answer

Correct Answer: only in the short run, and not without inflation

The natural rate of unemployment is generally thought to be the sum of ?

A frictional unemployment and seasonal unemployment

B frictional unemployment and cyclical unemployment

C frictional unemployment and structural unemployment

D cyclical unemployment and structural unemployment

Review Detailed Answer

Correct Answer: frictional unemployment and structural unemployment

Showing 31 to 40 of 42 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The equilibrium inflation rate is determined by the intersection of _ and _?

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

The expectations augmented Phillips curve was the Work of which group of economists ?

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

The Phillips curve is a graph showing the relationship between ?

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

The measured unemployment rate can be pushed below the natural rate, but ?

The natural rate of unemployment is generally thought to be the sum of ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The equilibrium inflation rate is determined by the intersection of _____ and _____?

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

The expectations augmented Phillips curve was the Work of which group of economists ?

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

The Phillips curve is a graph showing the relationship between ?

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

The measured unemployment rate can be pushed below the natural rate, but ?

The natural rate of unemployment is generally thought to be the sum of ?

The equilibrium inflation rate is determined by the intersection of _ and _?