Fundamentals of Economics-Marcoeconomic Issues [AP (Advanced Placement) Macroeconomics]: Questions 1 - 4 of 80

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Question 1

Marcoeconomic Issues
Inflation

Appeared in Year: 2014 (NET)

Question

MCQ▾

Which of the following is not a characteristic feature of the Phillip curve? (June)

Choices

Choice (5)Response

a.

The Price expectations are adaptive

b.

There is a loop around Phillips curve

c.

The price expectations are static

d.

The unemployment rate, when money wage stabilizes, is percent

e.

Question does not provide sufficient data or is vague

Question 2

Marcoeconomic Issues
Unemployment

Appeared in Year: 2013 (NET)

Question

MCQ▾

What is the average monthly per capita expenditure (modified mixed recall period) for rural India in 2009 - 10? (December)

Choices

Choice (5)Response

a.

1322.25

b.

1984.46

c.

1053.64

d.

845.54

e.

All of the above

Question 3

Marcoeconomic Issues
Inflation

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which among the following is not a characteristic of stagflation?

Choices

Choice (5)Response

a.

High inflation

b.

Low growth

c.

High employment

d.

High unemployment

e.

None of the above

Question 4

Marcoeconomic Issues
Inflation

Appeared in Year: 2017 (NET)

Question

MCQ▾

Economist refers to an unanticipated inflation that reduces the real value of outstanding government debt as:

Choices

Choice (5)Response

a.

Unanticipated default

b.

Burden of inflation

c.

The inflation tax

d.

Seigniorage

e.

None of the above

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