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.Management Sciences
Category: Macroeconomic Issues and Analysis
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
The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
A. balance of payments
B. capital account of the balance of payments
C. financial account of the balance of payments
D. balance of payments on current account
Which of the following can the government not use directly to control the economy ?
A. Pay rates within the private sector
B. pay rates in the public sector
C. investment in education
D. Benefits available for the unemployed and sick
If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?
A. falls; rise; falls; surplus
B. is static; low; rise; deficit;
C. falls; falls; falls; surplus
D. rise; falls; rises; deficit
An individual who is not working and who has given up looking for work is classfied as ?
A. a discouraged worker:
B. unemployed.
C. hard core unemployed.
D. unemployable
The labour force can be defined as ?
A. Those who could claim benefit if they were to become unemployed.
B. The population between school leaving age and retirement age.
C. anyone who is working or actively seeking work
D. Those of working age who are seeking work and are available to for work at current wage rates.
Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?
A. natural
B. frictional
C. disequilibrium
D. structural
If Pakistan’s incomes rise faster than those in most other countries the the exchange value will tend to ?
A. fluctuate more than it would do otherwise
B. appreciate
C. depreciate
D. not be affected
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
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.
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