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.Management Sciences
Category: Macroeconomic Issues and Analysis
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.
The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?
A. financial account on the balance of payments.
B. balance of payments
C. balance of payments on current account
D. capital account of the balance of payments
In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?
A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
If interest rates rise then costs are likely to _______ and demand is likely to _________?
A. rise, fall
B. rise; rise
C. fall; fall
D. fall; rise
In a fixed exchange rate regime, the central the exchange rate ?
A. selling, increase
B. buying reduce
C. selling, reduce
D. buying increase
E. A and B
F. C and D
Fiscal policy is weak under floating exchanges rates as fiscal expansion ?
A. crowds out imports
B. crowds out public consumption
C. crowds out exports
D. reduces the budget deficit
The price of one country’s currency in terms of another country’s currency is the ?
A. exchange rate
B. balance of trade
C. terms of trade
D. currency validation
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