Explore topic-wise MCQs in Economics Mcqs.

According of Keynes, the level of employment is determined by ?

According to classical models, the level of employment is determined primarily by ?

The quantity theory of money implies that a given percentage change in the money supply will cause ?

The regarding the new classical macroeconomics is hoe realistic is the assumption ?

It is difficult to determine if the velocity of money is constant over time because ?

People are said to have rational expectations if they ?

The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?

The nation that the government can establish the macroeconomic is known as ?

If the demand for money depends on the interest rate the velocity of circulation is ?

A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?

New classical theories were an attempt to explain ?

The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

According to the classical economists the economy ?

Keynesian economics became popular because it was able to explain ?

The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?

Rapid increase in the price level during periods of recession of high unemployment are known as ?

The government increase government spending to try to reduce unemployment This is an example of ?

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?

The economists who emphasised wage flexibility as a solution for unemployment were ?

A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?