GATE (Graduate Aptitude Test in Engineering) Economics: Questions 933 - 936 of 1256

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Question 933

Question

MCQ▾

Hicks has expressed that in the theory of business cycle, there are limits constraining the explosive situation when the economy is moving upswing. What is/are the reason/s for this limit?

Choices

Choice (4)Response

a.

Investment lags

b.

Full employment level

c.

Both a. and b. are correct

d.

Question does not provide sufficient data or is vague

Question 934

Components of Money Supply

Question

MCQ▾

Under the real balance effect how does the homogeneity postulate treat demand and supply forces of goods?

Choices

Choice (4)Response

a.

Absolute changes in price level affects the real sector

b.

Interest rate is dependent on quantity of money

c.

Demand and supply are only affected by relative prices

d.

Demand and supply are affected by increase in money price

Question 935

Question

MCQ▾

In monopolistic competition, which factors determines the slope of the demand curve?

Choices

Choice (4)Response

a.

The number of seller in the market

b.

Similarity with other firm՚s products

c.

Barriers to entry

d.

All of the above

Question 936

Question

MCQ▾

What does the Durbin Watson d-test detect?

Choices

Choice (4)Response

a.

Multicollineraity

b.

Heteroscedasticity

c.

Micronumersosity

d.

Auto correlation

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