AP (Advanced Placement) Macroeconomics: Questions 349 - 352 of 750

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Question 349

Appeared in Year: 2017 (NET)

Question

MCQ▾

In his theory of money, James Tobin did not agree with which of the following inferences/assumptions of the demand for money for liquidity preference enunciated by Lord Keynes?

I. Elasticity of expectations of future interest rates

II. Individuals hold either money or bonds

Of the above which are correct? Answers from the codes below:

(January Paper-3)

Choices

Choice (5)Response

a.

Only I

b.

Neither I nor II

c.

I and II

d.

Only II

e.

None of the above

Question 350

Appeared in Year: 2017 (NET)

Question

MCQ▾

A deficit in balance of payments can be corrected by: (January Paper-3)

Choices

Choice (5)Response

a.

A reduction in interest rate

b.

Discouraging capital inflows

c.

An increase in interest rate

d.

Restricting remittances

e.

Question does not provide sufficient data or is vague

Question 351

Appeared in Year: 2017 (NET)

Question

MCQ▾

R. B. I. can print currency notes up to the value of: (January Paper-2)

Choices

Choice (5)Response

a.

1,000

b.

25,000

c.

d.

10,000

e.

None of the above

Question 352

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following statements regarding the expansion path of a firm:

I. It shows least cost combination for producing different level of outputs.

ii. The input prices remain constant.

Of the above, which statement is/are true?

Answer from the codes given below:

(January Paper-2)

Choices

Choice (5)Response

a.

I and II are true.

b.

Only II is true.

c.

Only I is true.

d.

Neither I nor II is true.

e.

Question does not provide sufficient data or is vague

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