Macro-Economic Analysis (NTA-NET (Based on NTA-UGC) Economics (Paper-II)): Questions 1 - 5 of 125

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Question number: 1

» Macro-Economic Analysis » Phillips Curve Analysis

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Appeared in Year: 2014

MCQ▾

Question

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 5½ percent

Question number: 2

» Macro-Economic Analysis » Determination of Output and Employment » Keynesian Approach

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Appeared in Year: 2013

MCQ▾

Question

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 number: 3

» Macro-Economic Analysis » Macro-Economic Equilibrium » Relative Roles of Monetary and Fiscal Policies

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Appeared in Year: 2014

MCQ▾

Question

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

Question number: 4

» Macro-Economic Analysis » Demand for Money » Fisher and Cambridge Versions

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Appeared in Year: 2013

MCQ▾

Question

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 number: 5

» Macro-Economic Analysis » Demand for Money » Friedman Approach

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Appeared in Year: 2014

MCQ▾

Question

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

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