Quiz about Macroeconomics, Theories and Policies 2

Question 1

The IS-LM Model was developed by

Accepted Answer

hicks and hansen

Answer

j m keynes

Answer

patinkin

Answer

schumpeter

Question 2

New Classical Economics based on Adaptive Expectation
Which one of the following is correct among the following options?

Accepted Answer

1 alone is correct

Answer

2 alone is correct

Answer

1 and 2 correct

Answer

neither 1 nor 2 correct

Question 3

According to Keynes, there is

Accepted Answer

no direct relationship between the quantity of money and price level

Answer

direct relationship between money and price level

Answer

no direct relationship between demand for money and supply of money

Answer

direct relationship between demand for money and supply of money

Question 4

Relationship between changes in the interest rates and bond prices
Codes :

Accepted Answer

i and iv are correct.

Answer

i and iii are correct

Answer

ii and iii are correct.

Answer

iii and iv are correct.

Question 5

The concepts of inside money and outside money is given by

Accepted Answer

gurley and shaw

Answer

milton friedman

Answer

j m keynes

Answer

none of these

Question 6

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

Accepted Answer

both (a) and (r) are true, and (r) is the explanation.

Answer

both (a) and (r) are false.

Answer

both (a) and (r) are true, but (r) is not the correct reason.

Answer

(a) is true, (r) is false.

Question 7

The quantity theory of money first propounded in 1588 by an Italian Economist

Accepted Answer

davanzatti

Answer

david hume

Answer

j s mill

Answer

ricardo

Question 8

What is the shape of Long Run Phillips curve is

Accepted Answer

vertical

Answer

inverted u shape

Answer

horizontal

Answer

inverse l shape

Question 9

Which among the followings is not the feature of monetarism?

Accepted Answer

demand- deficient unemployment big causes

Answer

fiscal policy causes no long-term increase in real output

Answer

only a trade-off in the short-term

Answer

tend to emphasis supply-side unemployment (natural rate)

Question 10

According to Keynes Investment is a function of

Accepted Answer

interest

Answer

dumping

Answer

income

Answer

saving

Practice Test On: Macroeconomics, Theories and Policies 2

Practice Test On:
Macroeconomics, Theories and Policies 2