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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

A real balance effect

B menu costs of inflation

C money illusion.

D cost-push inflation.

Review Detailed Answer

Correct Answer: menu costs of inflation

The natural rate of unemployment is generally thought of as the ?

A ratio of the frictional unemployment rate to the cyclical unemployment rate.

B Sum of structural unemployment and cyclical unemployment.

C Sum of frictional unemployment and cyclical unemployment

D sum of frictional unemployment and structural unemployment.

Review Detailed Answer

Correct Answer: sum of frictional unemployment and structural unemployment.

Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

A regional

B technological

C structural

D demand-deficient

Review Detailed Answer

Correct Answer: structural

Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

A natural

B frictional

C disequilibrium

D structural

Review Detailed Answer

Correct Answer: disequilibrium

Aggregate demand is the total demand for all goods and services in an economy from ?

A the household and government sectors

B the household sector.

C all sectors of except the rest of the world

D all sectors of the economy including the rest of the world.

Review Detailed Answer

Correct Answer: all sectors of the economy including the rest of the world.

Classifying discouraged workers as unemployed would ?

A not change the unemployment rate

B decrease the unemployment rate

C increase the unemployment rate

D have an indeterminate impact on the unemployment rate

Review Detailed Answer

Correct Answer: increase the unemployment rate

Since 1998 many government have defined unemployment using ?

A a labour force survey.

B the number out of work and claiming benefit

C the percentage of the labour force not in work

D the ILO/OECD standardised unemployment measurement

Review Detailed Answer

Correct Answer: the ILO/OECD standardised unemployment measurement

The percentage of the labour force that is unemployed is the ?

A Unemployment population ratio.

B Unemployment rate

C employment rate

D Labour force rate.

Review Detailed Answer

Correct Answer: Unemployment rate

Which of the following is not likely to be government objective ?

A Increasing employment

B Increasing economic growth

C Increasing government spending

D Increasing the level of exports

Review Detailed Answer

Correct Answer: Increasing employment

Which of the following is a policy instrument as opposed to a government objective ?

A lower interest rates

B A better balance of trade position

C Faster economic growth

D Lower unemployment

Review Detailed Answer

Correct Answer: Lower unemployment

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

The natural rate of unemployment is generally thought of as the ?

Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

Aggregate demand is the total demand for all goods and services in an economy from ?

Classifying discouraged workers as unemployed would ?

Since 1998 many government have defined unemployment using ?

The percentage of the labour force that is unemployed is the ?

Which of the following is not likely to be government objective ?

Which of the following is a policy instrument as opposed to a government objective ?