AP (Advanced Placement) Macroeconomics: Questions 189 - 191 of 750

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Question 189

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which of the following statements are true for the Triangle model?

I. It is a model developed by New Keynesian economists.

II. It includes built-in inflation in the analysis.

Which of the above statement (s) is/are true? Answer from the codes below: (Paper III)

Choices

Choice (5)Response

a.

I and II

b.

Only II

c.

Only I

d.

All of the above

e.

Question does not provide sufficient data or is vague

Question 190

Appeared in Year: 2015 (NET)

Question

MCQ▾

Segmented labour markets imply: Which of the below is incorrect? (December)

Choices

Choice (5)Response

a.

MP theory of wage fails to determine market outcomes

b.

Labour paid wage less than MRP

c.

Labour Discrimination

d.

Equality of wages of different types of labour

e.

Question does not provide sufficient data or is vague

Question 191

Appeared in Year: 2015 (NET)

Question

Matching-Pair▾

Find the pair which does not match:

Choices

Choice (5)Response

a.

Long run consumption function

Permanent income hypothesis

b.

Demand for money balance to be held

Fisher՚s equation

c.

Real balance effect

Tobin portfolio theory

d.

Labour theory of value

Ricardo theory of distribution

e.

Question does not provide sufficient data or is vague

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