National Income & Price Determination [AP (Advanced Placement) Macroeconomics]: Questions 1 - 4 of 40

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Question 1

National Income & Price Determination

Appeared in Year: 2013 (NET)

Question

MCQ▾

If the economy is operating at potential GDP, an increase in money supply will lead to (Dec)

Choices

Choice (5)Response

a.

Stagflation

b.

Structural inflation

c.

Supply-side inflation

d.

Demand-side inflation

e.

Question does not provide sufficient data or is vague

Question 2

National Income & Price Determination

Appeared in Year: 2014 (NET)

Question

MCQ▾

Who amongst the following economists imparted money demand of a portfolio theory approach?

(1) J. M. Keynes

(2) Baumol

(3) James Tobin

(4) Milton Friedman (June)

Choices

Choice (5)Response

a.

3,4

b.

1,2, 3

c.

2,3, 4

d.

1,2

e.

Question does not provide sufficient data or is vague

Question 3

National Income & Price Determination

Appeared in Year: 2014 (NET)

Question

MCQ▾

Arrange all the four concepts of money supply M1, M2, M3 and M4 in the ascending order in terms of their liquidity: (June)

Choices

Choice (5)Response

a.

M1, M2, M3 and M4

b.

M4, M2, M3 and M1

c.

M3, M2, M1 and M4

d.

M4, M3, M2 and M1

e.

Question does not provide sufficient data or is vague

Question 4

National Income & Price Determination

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which of the following is considered as leakages in the force of the multiplier?

Choices

Choice (5)Response

a.

Higher propensity to import

b.

Higher marginal propensity to save

c.

Both a. and b. are correct

d.

None of the above

e.

Question does not provide sufficient data or is vague

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