Macroeconomics 2 solved MCQs

a. Demand for money

B. Supply of money

c. Demand and supply of money

d. None of the above

a. Quantity theory of money in circulation

B. Purchasing power of money

c. Demand for money

d. Price level

a. Demand for money

B. Supply of money

c. Demand for goods and services

d. All of the above

a. 𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠 > 𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑

B. 𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠 = 𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑

c. 𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠𝑠 < 𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑𝑑

d. None of the above

a. Make demand and supply equal

B. Store of value

c. Medium of exchange

d. Measure of value

a. Base money

B. Reserve money

c. Narrow money

d. All of the above

a. Irving Fisher

B. Milton Friedman

c. J.M. Keynes

d. Thomas Gresham

a. Directly related to the price level

B. Inversely related to the price level

c. Proportionately related to the price level

d. All the above

a. Milton Friedman

B. Walker

c. Irving Fisher

d. Thomas Gresham

a. Purchase of commodity with money

B. Sale of commodity with money

c. Purchase and sale of commodity with commodity

d. None of the above

a. Gold

B. Money

c. Land

d. Treasury bonds

a. flat money

B. legal tenders

c. Fiat money

d. Both (b) and (c

a. It can buy goods

B. Government can give gold against it

c. Illegal money

d. Low value of money

a. Goods exchanged are of inferior quality

B. Goods cannot be exchanged for services

c. Lack of common measure of value

d. None of the above

a. The buyer must pay in that money

B. Can be converted into gold

c. Sellers do not accept any other money

d. It is official medium of exchange

a. General acceptability

B. Convertibility into gold

c. Store of value

d. Medium of exchange

a. acceptability

B. Divisibility

c. Durability

d. Portability

a. Value of money

B. Velocity of circulation of money

c. Variation of national income

d. All of the above

a. Money supply

B. Money demand

c. Maximum output

d. Minimum output

a. Two

B. Three

c. Four

d. Five

a. 100 %

B. Negative

c. Less than 10

d. Zero

a. It is issued with authority of government

B. It is convertible into gold

c. It can be easily printed

d. It is light weight

a. Gold purchased by money

B. General Purchasing power of money

c. Importance of money

d. Demand for money

a. Increases by 100 %

B. Decreases by 100 %

c. Decreases by 200%

d. Does not change

a. Inversely

B. Directly

c. Are not related

d. None of the above