AP (Advanced Placement) Macroeconomics: Questions 589 - 592 of 750

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Question 589

Question

MCQ▾

Non-Accelerating Inflation Rate of Unemployment (NAIRU) means:

Choices

Choice (5)Response

a.

A rate of inflation which makes the rate of unemployment zero.

b.

A rate of unemployment which is equal to the rate of inflation.

c.

A rate of inflation for which the change in the rate of unemployment is zero.

d.

A rate of unemployment for which the change in the rate of inflation is zero.

e.

Question does not provide sufficient data or is vague

Question 590

Question

MCQ▾

Which of the following is a problem connected with general equilibrium analysis?

Choices

Choice (5)Response

a.

Existence problem

b.

Uniqueness problem

c.

Stability problem

d.

All a., b. and c. are correct

e.

Question does not provide sufficient data or is vague

Question 591

Question

MCQ▾

Vent for surplus approach is applicable to

Choices

Choice (5)Response

a.

Oil exporting countries

b.

Underdeveloped countries

c.

Rich countries

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 592

Question

MCQ▾

Consider the following statements:

1) In long run,

2) In long run,

3) In short run .

4) In short run .

Which one are correct?

Choices

Choice (5)Response

a.

2 and 4

b.

Only 1

c.

2 and 3

d.

1 and 2

e.

Only 2

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