AP (Advanced Placement) Macroeconomics: Questions 192 - 195 of 750

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Question 192

Appeared in Year: 2015 (NET)

Question

MCQ▾

Who among the following economists emphasized the role of non-economic factors in explaining growth? (December)

Choices

Choice (5)Response

a.

N. Kaldor

b.

E. Domar

c.

Roy Harrod

d.

R. M. Solow

e.

Question does not provide sufficient data or is vague

Question 193

Appeared in Year: 2015 (NET)

Question

MCQ▾

Which theory assumes that increase in stock of money is directly spent on goods? (December)

Choices

Choice (5)Response

a.

IS- LM curve

b.

Keynes

c.

Quantity theory of money

d.

Question does not provide sufficient data or is vague

e.

All of the above

Question 194

Appeared in Year: 2015 (NET)

Question

MCQ▾

Concept of scale economies applies in (December)

Choices

Choice (5)Response

a.

Short run with variable technical coefficient

b.

Long run with constant technical coefficients

c.

Short run with constant technology

d.

Long run with variable technology

e.

Question does not provide sufficient data or is vague

Question 195

Appeared in Year: 2015 (NET)

Question

MCQ▾

What does ‘Price Scissors’ refer to: (December)

Choices

Choice (5)Response

a.

Marshall՚s example of forces of demand and supply

b.

A sharp fall in price of a major export item accompanied by a sharp rise in price of a major import

c.

Exports of two strategic raw materials from country

d.

Export basket of competitive local manufactures

e.

None of the above

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