AP (Advanced Placement) Macroeconomics: Questions 217 - 220 of 750

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Question 217

Appeared in Year: 2015 (NET)

Question

MCQ▾

In perfect competition, Wages is determined where:

  1. demand for labour = supply of labour
  2. MRP of labour = Marginal wage
  3. MRP of labour = ARP
  4. MRP of labour = average wage

Select the correct combination from above: (December)

Choices

Choice (5)Response

a.

(1) and (3)

b.

(1) and (4)

c.

(1) and (2)

d.

(3) and (4)

e.

All of the above

Question 218

Appeared in Year: 2015 (NET)

Question

MCQ▾

When nominal GDP is 11,000 crores and real GDP is 10,000, GDP Deflator is: (June)

Choices

Choice (5)Response

a.

1.11

b.

110

c.

9.09

d.

90.91

e.

Question does not provide sufficient data or is vague

Question 219

Appeared in Year: 2015 (NET)

Question

MCQ▾

In the famous equation M = PKY, K stands for: (June)

Choices

Choice (5)Response

a.

Fraction of money value of output (transaction) held by pubic

b.

Fraction of money supply held by person

c.

Fraction of real output held for transaction

d.

All of the above

e.

Question does not provide sufficient data or is vague

Question 220

Appeared in Year: 2016 (NET)

Question

MCQ▾

In the adjoining standard diagram to explain Hicks՚ trade cycle theory; which of the Following are true, when the actual value of mpc and accelerator fall in the region C? (Paper III)

Hicks՚ Trade Cycle Theory

Choices

Choice (5)Response

a.

There will be oscillations (Cyclical fluctuations)

b.

There will be explosive upward movement

c.

There will be Steady growth

d.

None of the above

e.

Question does not provide sufficient data or is vague

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