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.Management Sciences
Category: Macroeconomic Issues and Analysis
A monetary union means ________, ________ and ________?
A. permanently fixed capital movements floating exchange rates a fixed structure of interest rates
B. permanently fixed exchange rates, free capital movements, a single interest rates
C. a common currency a single central bank, common monetary policy
D. a common currency floating exchange rates common monetary policy
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
Aggregate supply is the total amount ?
A. of products produced by a given industry.
B. produced by the government
C. of labour supplied by all households
D. of goods and services produced in an economy.
Government policies that focus on changing interest rates are called ?
A. fiscal policies
B. monetary policies
C. supply-side policies
D. incomes policies
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
A. not be affected
B. fluctuate more than if exports were lower
C. depreciate
D. appreciate
An economy that trades with and has financial dealing with other countries is called a/an ________ economy?
A. free-trade
B. autarkic
C. open
D. mixed
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account ?
A. deficit
B. surplus
C. revaluation
D. devaluation
With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?
A. increased
B. unaffected
C. reduced
D. None of these
A current account deficit means that a country may ?
A. reduce its stock of foreign assets
B. increase its stock of foreign assets
C. increases its savings
D. increases its foreign currency reserves
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
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