Macroeconomics [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 4 of 268

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Question 1

Macroeconomics
Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

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

Choices

Choice (4)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

Question 2

Macroeconomics
Classical & Keynesian Framework

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

The optimum capital stock is achieved when the user cost of capital is equal to (Dec)

Choices

Choice (4)Response

a.

The depreciation rate

b.

The marginal product of capital

c.

The interest rate

d.

Tobin՚s Q

Question 3

Macroeconomics
Closed Economy Concepts and Measurement and Open Economy Issues

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

The premise, that benefit of economic growth will reach all sections of population is called (December)

Choices

Choice (4)Response

a.

Trickle up effect

b.

Backlash effect

c.

Trickle-down effect

d.

Take-off effect

Question 4

Macroeconomics
Monetary and Fiscal Policy Efficacy

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

The crowding out effect is zero when (June)

Choices

Choice (4)Response

a.

IS curve is falling and LM curve is rising

b.

Money demand is perfectly interest inelastic, or investment is perfectly interest elastic

c.

There is liquidity trap, or investment is perfectly interest inelastic

d.

All of the above

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