AP (Advanced Placement) Macroeconomics: Questions 142 - 144 of 750

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Question 142

Appeared in Year: 2013 (NET)

Question

MCQ▾

According to A. K. Sen, famines occurred in India because of (September)

Choices

Choice (5)Response

a.

Shortage of food grains

b.

Lack of demand

c.

Lack of transportation

d.

Lack of proper distribution mechanism

e.

Question does not provide sufficient data or is vague

Question 143

Appeared in Year: 2013 (NET)

Question

MCQ▾

The rational expectations hypothesis does not imply: (September)

Choices

Choice (5)Response

a.

On average the economy will be close to Long-run Average Supply (LAS) Curve.

b.

People do not make systematic errors.

c.

Macroeconomic policy changes must came as a surprise in order to have an impact on the real economy.

d.

Policy makers have better information about the economy than other economic actors.

e.

All of the above

Question 144

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items given in List – I with those in List – II: (Septrmber)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Seventh Finance Commission

(i)

J. M. Shelat

(B)

Tenth Finance Commission

(ii)

K. Brahmananda Reddy

(C)

Third Finance Commission

(iii)

K. C. Pant

(D)

Sixth Finance Commission

(iv)

A. K. Chanda

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (iii)
  • (i)
  • (ii)

b.

  • (i)
  • (ii)
  • (iii)
  • (iv)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (iv)
  • (i)
  • (iii)
  • (ii)

e.

All of the above

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