AP (Advanced Placement) Macroeconomics: Questions 15 - 18 of 750

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Question 15

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which among the following is not a characteristic of stagflation?

Choices

Choice (5)Response

a.

High inflation

b.

Low growth

c.

High employment

d.

High unemployment

e.

None of the above

Question 16

Appeared in Year: 2013 (NET)

Question

MCQ▾

If the economy is operating at potential GDP, an increase in money supply will lead to (Dec)

Choices

Choice (5)Response

a.

Stagflation

b.

Structural inflation

c.

Supply-side inflation

d.

Demand-side inflation

e.

Question does not provide sufficient data or is vague

Question 17

Appeared in Year: 2014 (NET)

Question

MCQ▾

Who distinguished between value in use and value in exchange and gave the famous example of diamonds and water? (June)

Choices

Choice (5)Response

a.

Alfred Marshall

b.

David Ricardo

c.

Karl Marx

d.

Adam Smith

e.

Question does not provide sufficient data or is vague

Question 18

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following items in the balance of payment in India:

I. NRI deposits

II. Remittances

Which among the above is/are a part of the capital account of balance of payments? Answers from the codes below:

Choices

Choice (5)Response

a.

I and II above

b.

Only I above

c.

Only II above

d.

Neither I nor II above

e.

All of the above

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