AP (Advanced Placement) Macroeconomics: Questions 341 - 344 of 750

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Question 341

Appeared in Year: 2017 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the following: (January Paper-3)

List-Ⅰ (Column-1)List-Ⅱ (Column-2)
(A)

Robertson

(i)

M = PKY

(B)

Alfred Marshall

(ii)

N = PK

(C)

Irving Fisher

(iii)

M = PKT

(D)

Keynes

(iv)

MV = PT

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (i)
  • (iii)
  • (ii)

b.

  • (iii)
  • (i)
  • (iv)
  • (ii)

c.

  • (i)
  • (iii)
  • (ii)
  • (iv)

d.

  • (i)
  • (iii)
  • (iv)
  • (ii)

e.

All of the above

Question 342

Appeared in Year: 2017 (NET)

Question

MCQ▾

Given the demand function:

, where symbols have their usual meaning, at which price, the elasticity of demand would be unity? (January Paper-2)

Choices

Choice (5)Response

a.

5

b.

20

c.

10

d.

All a., b. and c. are correct

e.

Question does not provide sufficient data or is vague

Question 343

Appeared in Year: 2017 (NET)

Question

MCQ▾

Who among the following has not given his model based on the concept of unlimited supply of labour? (January Paper-3)

Choices

Choice (5)Response

a.

W A Lewis

b.

Ranis-Fei

c.

D W Jorgenson

d.

Gunnar Myrdal

e.

Question does not provide sufficient data or is vague

Question 344

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which among the following is correct for the discretionary fiscal action? (January Paper-2)

Choices

Choice (5)Response

a.

Automatic changes in net tax revenues that result from income tax structure.

b.

Payment of Social Security to the retired individuals.

c.

A managed change in level of Government spending and/or net tax revenues.

d.

Payment of Unemployment insurance.

e.

All of the above

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