Macroeconomics-Theories of Consumption [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 5 of 160

Access detailed explanations (illustrated with images and videos) to 1306 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 500.00 -OR-

How to register? Already Subscribed?

Question 1

Theories of Consumption
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

Theories of Consumption
Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following is not a characteristic of stagflation?

Choices

Choice (4)Response

a.

High inflation

b.

Low growth

c.

High employment

d.

High unemployment

Question 3

Theories of Consumption
Demand and Supply of Money

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

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

Choices

Choice (4)Response

a.

Stagflation

b.

Structural inflation

c.

Supply-side inflation

d.

Demand-side inflation

Question 4

Theories of Consumption
Demand and Supply of Money

Appeared in Year: 2014 (UGC 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 (4)Response

a.

3,4

b.

1,2, 3

c.

2,3, 4

d.

1,2

Question 5

Theories of Consumption
Instruments (Direct and Indirect) of Monetary Policy

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

A spot Foreign Exchange Transaction refers to (December)

Choices

Choice (4)Response

a.

The purchase or sale of foreign exchange for delivery within two business days.

b.

The sale of foreign exchange for delivery.

c.

The purchase of foreign exchange for delivery.

d.

All of the above

Developed by: