Top 80+ Solved Macroeconomics, Theories and Policies 2 MCQ Questions Answer
Q. 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
Q. The idea of Adaptive expectation is associated with
a. natural unemployment rate hypothesis
b. new classical economics
c. both a and b
d. none of these
Q. The idea of rational expectation first given by
a. john muth
b. robert lucas
c. neil wallace
d. thomas surgent
Q. Laffer curve links
a. inflation and unemployment
b. tax revenue and tax rate
c. output and unemployment
d. inflation and interest rate
Q. New classical Economics is consistent with
a. policy ineffectiveness postulate
b. policy effectiveness postulate
c. both a and b
d. none of these
Q. New Classical Economics is based on
a. rational expectation
b. adaptive expectation
c. backward looking expectation
d. all the above
Q. Supply side Economics was emerged against the background of
a. 1930’s great depression
b. 2008 global financial crisis
c. 1970’s stagflation
d. none of these
Q. The book Elements of Pure Economics was authored by
a. walras
b. clower
c. robert lucas
d. kaldor
Q. The Neo Keynesian quantity constrained model is associated with the work of
a. robert j barro
b. robert m clower
c. leonwalrs
d. none of these
Q. The efficiency wage model is associated with
a. new keynesian economics
b. new classical economics
c. supply side economics
d. keynesian economics
Q. The insider outsider model is associated with
a. new keynesian economics
b. new classical economics
c. supply side economics
d. none of these
Q. The Menu cost model is associated with
a. new classical economics
b. new keynesian economics
c. supply side economics
d. none of these
Q. The New Classical economics was developed against the back ground of
a. 1930‘s depression
b. 1970’ stagflation
c. 2008 subprime crisis
d. none of these
Q. Reagonomics is related to
a. supply side economics’
b. new classical economics
c. new keynesian economics
d. natural unemployment hypothesis