AP (Advanced Placement) Macroeconomics: Questions 254 - 257 of 750

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Question 254

Appeared in Year: 2016 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Monetarists disagreed with the Phillips curve analysis. (Paper III)

Reason(Ꭱ)

There are no unique correspondence of % inflation rate with % unemployment rate.

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

Question 255

Appeared in Year: 2015 (NET)

Question

MCQ▾

″ Value of capital ‘’ is written by who among the following economist? (June)

Choices

Choice (5)Response

a.

J. R. Hicks

b.

Philips

c.

Hanson

d.

Ursula

e.

Question does not provide sufficient data or is vague

Question 256

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which of the following is not a problem of Insurance Markets? (Paper II)

Choices

Choice (5)Response

a.

Adverse selection

b.

Asymmetric Information

c.

Principal-agent problem

d.

Moral Hazard

e.

None of the above

Question 257

Appeared in Year: 2015 (NET)

Question

MCQ▾

For a linear demand curve, which of the following is true? (June)

Choices

Choice (5)Response

a.

Elasticity declines as one slides down the demand curve.

b.

Elasticity increases as one slides down the demand curve.

c.

Elasticity of demand is constant at all points.

d.

Elasticity of demand is unity at all points.

e.

Question does not provide sufficient data or is vague

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