question archive 7) Okun's law says that GDP must grow at about
7) Okun's law says that GDP must grow at about
Subject:EconomicsPrice: Bought3
7) Okun's law says that GDP must grow at about ..........rate for one year to achieve a one percentage point reduction in the rate of unemployment."Required to answer. Single choice.
8%
4%
2%
8. Where there is no control on the rising prices and prices are free to find their own
level, the inflation under this condition is called...Required to answer. Single choice.
open inflation
galloping Inflation
9. government spending and taxation at different government levels are the tools of .................Required to answer. Single choice.
Monetary policy
Fiscal policy
10. An increase in business taxes results in .............expected profitability of investmentsRequired to answer. Single choice.
decreased
increased
11. Inflation caused by rapid increase
in the money supply is called.....Required to answer. Single choice.
open inflation
hyper inflation
none of the above
12. As per Keynes, when income increases, consumption
increases but in a .......... due to savings factorRequired to answer. Single choice.
greater proportion
lesser proportion
13. APS =Required to answer. Single choice.
1- APC
1- APS
14. if unemployed people are 6.7 and employed people are 129.6,then what would be unemployment rate?Required to answer. Single choice.
7.9%
4.9%
6.9%
15. Inflation/FACTORS ON SUPPLY SIDE areRequired to answer. Single choice.
all of the above
Inadequate industrial growth
Agricultural price policy
16. Direct effects Of Inflation is....Required to answer. Single choice.
Decrease in stock
Decreasing the purchasing power
17. High inflation combined with economic stagnation is calledRequired to answer. Single choice.
stagflation
Hyperinflation
18. APC =Required to answer. Single choice.
change in consumption/change in income
C / Y Consumption / Income
19. Type of unemployment which is caused by the time it takes workers to search for a job is called.....Required to answer. Single choice.
frictional unemployment
wait unemployment
20. The main determinants of investment are the ..........................Required to answer. Single choice.
expected rate of return
both of the above
the real interest rate
