National Income & Price Determination-Aggregate Demand [AP (Advanced Placement) Macroeconomics]: Questions 1 - 3 of 27

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Question 1

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

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

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match items given in List – I with those in List – II: (December)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Cash Balances Approach

(i)

J. M. Keynes

(B)

Equation of Exchange

(ii)

W. J. Baumol

(C)

Regressive Expectation model of Demand for Money

(iii)

Irving Fisher

(D)

Square Root Formula of Demand for Money

(iv)

A. C. Pigou and Alfred Marshall

Choices

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

a.

  • (iii)
  • (iv)
  • (ii)
  • (i)

b.

  • (iv)
  • (iii)
  • (i)
  • (ii)

c.

  • (iv)
  • (i)
  • (ii)
  • (iii)

d.

  • (i)
  • (iii)
  • (iv)
  • (ii)

e.

All of the above

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