Explore topic-wise MCQs in Economics Mcqs.

Aggregate demand is the total demand for all goods and services in an economy from ?

Fiscal policy is weak under floating exchanges rates as fiscal expansion ?

In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?

A current account deficit means that a country may ?

A rise in the real exchange rate will ________ the competitiveness of the domestic economy?

Government policies that focus on changing taxes and government spending are called ?

All of the following are benefits of the single market except ?

Under floating exchange rates, expectations of higher interest rates are likely to cause an ____ of the exchange rate?

If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to ?

With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?

A fixed exchange rate, plus perfect capital mobility ________ the scope for monetary policy ?

perfect international capital mobility suggests that international funds will be responsive to ________ differentials?

If British residents want more French francs to purchase more French cloths other things equal, then the equilibrium value of the pound against the French franc will ?

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account ?

Government policies that focus on increasing production rather than demand are called ?

If interest rates rise then costs are likely to _______ and demand is likely to _________?

As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

The natural rate of unemployment is generally thought of as the ?

Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

In the short run the level of floating exchange rates is determined mainly by ?

Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

Floating exchange rates are ____ in the short run?

The competitive advantage from a devaluation is likely to be offset by _______ and ________?

In the absence of international capital controls, central banks set ________ to provide the correct incentive for speculators?

Which fixed exchange rates and no private capital flows, to correct a balance of payments deficit, the central bank will _______ and ________ ?

When capital mobility is perfect interest rate differentials will tend to be offset by ?

Within the circular flow of income, an increase in domestic income will tend to increase ?

Which does the government not control directly ?

Which of the following can the government not use directly to control the economy ?

Since 1998 many government have defined unemployment using ?

Which of the following is a possible government objective as opposed to a policy ?

In the EMU a country’s competitiveness can change because of ?

What is meant by an objective ?

The Maastricht criteria for entry to the EMU are that applicants should have ?

A monetary union means ________, ________ and ________?

If currency dealers expect the value of the pound to fall, the exchange value will tend to ?

The single European Act committed ________ governments to a ________ in 1992?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

Government policies that focus on changing interest rates are called ?

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

An individual who is not working and who has given up looking for work is classfied as ?

Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

Cyclical unemployment is the ?

If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?

If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?

If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?

The main features of the European Monetary system are ?

The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?