AP (Advanced Placement) Macroeconomics: Questions 708 - 711 of 750

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Question 708

Appeared in Year: 2016 (NET)

Question

MCQ▾

The law of demand indicates:

Choices

Choice (5)Response

a.

The relationship between price of one commodity and the price of substitute

b.

The relationship between prices of two commodities

c.

The relationship between the increase of a consumer and the quantity demanded

d.

The relationship between the price of a commodity and the quantity demanded

e.

Question does not provide sufficient data or is vague

Question 709

Appeared in Year: 2016 (NET)

Question

MCQ▾

If the demand for a good is price-elastic, a fall in its price will lead to

Choices

Choice (5)Response

a.

A rise in total demand for the good

b.

A fall in total demand

c.

A fall in its sales

d.

No change in total demand

e.

All of the above

Question 710

Appeared in Year: 2019 (NET)

Question

MCQ▾

During the recession which of the following measures is initiated? (June)

Choices

Choice (5)Response

a.

Increasing tax rates and keeping government spending constant

b.

Increasing taxes and decreasing government spending

c.

Keeping tax rates constant and increasing government spending

d.

Cutting taxes and boosting government spending

e.

None of the above

Question 711

Appeared in Year: 2019 (NET)

Question

MCQ▾

Who among the following is not associated with the endogenous growth theory? (June)

Choices

Choice (5)Response

a.

Paul Romer

b.

Rebelo

c.

Robert Lucas

d.

Robert Solow

e.

Question does not provide sufficient data or is vague

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