AP (Advanced Placement) Macroeconomics: Questions 53 - 55 of 750

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Question 53

Appeared in Year: 2013 (NET)

Question

MCQ▾

There are four phases of a business cycle. Identify the correct sequence of the occurrence of these phases: (December)

Choices

Choice (5)Response

a.

Recovery, Expansion, Recession, Depression

b.

Depression, Expansion, Recession, Recovery

c.

Recovery, Expansion, Depression, Recession

d.

Recovery, Recession, Expansion, Depression

e.

All of the above

Question 54

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which of the following is true?

  1. Indifference curves slope downward from left to right.
  2. Indifference curves slope downward from right to left.
  3. Indifference curves are convex to the point of origin of the two axes.
  4. Indifference curves never intersect each other. (Dec)

Choices

Choice (5)Response

a.

1,2 and 3 are true.

b.

1,3 and 4 are true.

c.

1 and 4 are true.

d.

2,3 and 4 are true.

e.

All of the above

Question 55

Appeared in Year: 2014 (NET)

Question

MCQ▾

Meeting the needs of present generation without compromising the needs of future generation is (June)

Choices

Choice (5)Response

a.

Economic Growth

b.

Economic Development

c.

Social Development

d.

Sustainable Development

e.

Question does not provide sufficient data or is vague

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