Other Subjects
Other Subjects MCQs With Answers
0 Other Subjects MCQs for CSS, PPSC, FPSC, NTS and entry-test preparation. Take a scored quiz instead →
Stagflation is an economic condition characterized by:
AHigh inflation, high unemployment, and stagnant economic growth
BHigh growth and high inflation
CLow inflation and low unemployment
DRapid deflation and high economic output
According to John Maynard Keynes, the primary determinant of aggregate demand and consumption expenditure is:
ACurrent disposable income
BMoney supply growth
CRate of interest
DExchange rate stability
The Phillips Curve illustrates the short-run inverse relationship between:
AInflation and unemployment
BEconomic growth and tax rates
CMoney supply and velocity
DInflation and interest rates
Which multiplier measures the change in national income resulting from an initial change in autonomous investment?
ATax Multiplier
BInvestment Multiplier
CMoney Multiplier
DBalanced Budget Multiplier
If Marginal Propensity to Consume (MPC) is 0.8, the value of the simple Keynesian investment multiplier is:
A4
B2
C5
D8
The IS curve in the IS-LM framework shows equilibrium in the:
AGoods and services market
BLabor market
CMoney market
DForeign exchange market
The LM curve in the IS-LM framework slopes upward because a higher level of income increases:
ASavings, lowering interest rates
BGovernment spending directly
CNet exports
DDemand for money, requiring higher interest rates to restore equilibrium
Frictional unemployment occurs when workers are:
AUnemployed due to seasonal weather patterns
BTemporarily between jobs or searching for a better job match
CUnemployed due to structural changes in technology
DLaid off during economic recessions
Unemployment caused by a mismatch between worker skills and available job requirements is termed:
AFrictional Unemployment
BCyclical Unemployment
CStructural Unemployment
DSeasonal Unemployment
Which equation represents Irving Fisher’s Quantity Theory of Money?
AY = C + I + G
BS = I
CMV = PT
DMD = L(Y, i)