AP (Advanced Placement) Macroeconomics: Questions 680 - 683 of 750

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Question 680

Question

MCQ▾

What is contractionary fiscal policy?

Choices

Choice (5)Response

a.

Increasing welfare schemes

b.

Increasing the subsidies.

c.

Lowering the tax rates & increasing the government spending.

d.

Raising tax & reducing government spending.

e.

None of the above

Question 681

Question

MCQ▾

The firm willing to employ the amount of labor at a certain point of time is known as;

Choices

Choice (5)Response

a.

Labor output

b.

Demand for labor

c.

Labor employment

d.

Labor surplus

e.

Labor supply

Question 682

Appeared in Year: 2020 (NET)

Question

MCQ▾

What is the maximum penalty to be imposed under the Negotiable Instruments Act for bouncing of a cheque? (September Evening Shift)

Choices

Choice (5)Response

a.

5 years

b.

2 years

c.

6 months

d.

1 year

e.

None of the above

Question 683

Question

MCQ▾

What is the substitution effect?

Choices

Choice (5)Response

a.

When product՚s price increases & customer switch to the next best alternative.

b.

When the prices of the product remain constant & still the customer switch over on some other products.

c.

When product՚s price decreases and customer buy the next best alternative.

d.

When the price decreases but the income of the customer rises & they change their preference basket of goods.

e.

When customers change his/her preference due to rise in his/her income.

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