MCQOPTIONS
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MCQOPTIONS
This section includes 115 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Arts in Economics (M.A. Economics) knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
The concept of Rational expectation is associated with |
| A. | natural rate of unemployment hypothesis |
| B. | new classical hypothesis |
| C. | both a and b |
| D. | none of these |
| Answer» C. both a and b | |
| 102. |
The doctrine of Policy ineffectiveness postulate is associated with |
| A. | new classical economics |
| B. | supply side economics |
| C. | new keynesian economics |
| D. | monetarism |
| Answer» B. supply side economics | |
| 103. |
The Laffer curve is associated with |
| A. | new classical economics |
| B. | supply side economics |
| C. | keynesian economics |
| D. | new keynesian economics |
| Answer» C. keynesian economics | |
| 104. |
Advocates of New classical Economics are |
| A. | robert lucas |
| B. | neil wallace |
| C. | thomas surgent |
| D. | all of the above |
| Answer» E. | |
| 105. |
Which one the following economists is the chief advocate of supply side economics |
| A. | arther laffer |
| B. | robert lucas |
| C. | neil wallace |
| D. | both a and c |
| Answer» B. robert lucas | |
| 106. |
“Interest is poorly a monetary phenomenon “is a very famous statement made by |
| A. | j m keynes |
| B. | hamilton |
| C. | friedman |
| D. | j b say |
| Answer» B. hamilton | |
| 107. |
What is the shape of Long Run Phillips curve is |
| A. | inverted u shape |
| B. | horizontal |
| C. | inverse l shape |
| D. | vertical |
| Answer» E. | |
| 108. |
Which among the followings is not the feature of monetarism? |
| A. | fiscal policy causes no long-term increase in real output |
| B. | only a trade-off in the short-term |
| C. | tend to emphasis supply-side unemployment (natural rate) |
| D. | demand- deficient unemployment big causes |
| Answer» E. | |
| 109. |
The quantity theory of money first propounded in 1588 by an Italian Economist |
| A. | david hume |
| B. | davanzatti |
| C. | j s mill |
| D. | ricardo |
| Answer» C. j s mill | |
| 110. |
Assertion (A): Long-run Philips curve is a vertical line at the NAIRU Reason (R): Non-accelerating inflation raise of unemployment, more or less, stands accepted |
| A. | both (a) and (r) are false. |
| B. | both (a) and (r) are true, but (r) is not the correct reason. |
| C. | both (a) and (r) are true, and (r) is the explanation. |
| D. | (a) is true, (r) is false. |
| Answer» D. (a) is true, (r) is false. | |
| 111. |
The concepts of inside money and outside money is given by |
| A. | milton friedman |
| B. | j m keynes |
| C. | gurley and shaw |
| D. | none of these |
| Answer» D. none of these | |
| 112. |
Relationship between changes in the interest rates and bond prices Codes : |
| A. | i and iii are correct |
| B. | i and iv are correct. |
| C. | ii and iii are correct. |
| D. | iii and iv are correct. |
| Answer» C. ii and iii are correct. | |
| 113. |
According to Keynes, there is |
| A. | no direct relationship between the quantity of money and price level |
| B. | direct relationship between money and price level |
| C. | no direct relationship between demand for money and supply of money |
| D. | direct relationship between demand for money and supply of money |
| Answer» B. direct relationship between money and price level | |
| 114. |
New Classical Economics based on Adaptive Expectation Which one of the following is correct among the following options? |
| A. | 1 alone is correct |
| B. | 2 alone is correct |
| C. | 1 and 2 correct |
| D. | neither 1 nor 2 correct |
| Answer» B. 2 alone is correct | |
| 115. |
The IS-LM Model was developed by |
| A. | j m keynes |
| B. | patinkin |
| C. | hicks and hansen |
| D. | schumpeter |
| Answer» D. schumpeter | |