M C Q s D r i v e

Economics Mcqs 4423 MCQs [All-Courses]

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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.

Real business cycle theories suggest that _____ to correct departures from the desired growth path?
A There is a role for fiscal policy
B There is a role for monetary policy
C There is a role for supply-side policy
D There is a role for stabilizing output ever the business cycle
Correct Answer: There is a role for stabilizing output ever the business cycle
The impossibility of negative gross investment provides a ______ to fluctuation in ______?
A ceiling, stock building
B ceiling, capital prices
C floor, output
D floor, the capital-output ratio
Correct Answer: floor, output
The multiplier accelerator model assumes ____ depends on ______?
A consumption expected future profits
B investment, interest rates
C investment expected future profits
D stock building interest rates
Correct Answer: investment expected future profits
All of the following are parts of the business cycle except ?
A boom
B slump
C recovery
D acceleration
Correct Answer: acceleration
The business cycle describes fluctuations in output around the?
A trend path of output
B boom
C recession
D short-run fluctuations in output
Correct Answer: trend path of output
The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
A saving, investment
B capital per person, productivity
C labor growth, output
D investment capital per person
Correct Answer: investment capital per person
Governments can stimulate productivity by ?
A Imposing higher taxes on capital
B encouraging more labour intensive work to reduce unemployment
C reducing spending in education
D encouraging private investment
Correct Answer: encouraging private investment
A combined measure of productivity that takes account of both labor and capital productivity is known as ?
A total exploitation
B labour/capital productivity
C total factor productivity
D total productivity
Correct Answer: total factor productivity
The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?
A endogenous
B exogenous
C beta
D convergence
Correct Answer: endogenous
The growth path resulting from technological progress for a given saving rate is known as the ?
A Steady state growth path
B Steady state invention rate
C Steady state level of output
D
Correct Answer: Steady state growth path