Economics Practice MCQ Page 47
Multiple Choice questions for Economics in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 3940 In the long run,an unanticipated,one- time increase in the money supply leads to
- a proportional increase in prices with no change in output or interest rates
- increases in output and prices but no change in interest rates
- increases in output and prices and a decline in interest rates
- an increase in output but no change in prices or interest rates
- an increase in output ,a decline in interest rates,but no change in prices
Question: 3941 Macroeconomics is the study of
- large firms and consumers
- industries as a whole rather then individual firms
- the economy as a whole
- large groups of firms and households
- individual firms and households
Question: 3942 Which of the following is least important in the study of macroeconomics?
- The general price level
- Relative prices of goods
- The unemployment rate
- The interest rate
- Total output of goods and services
Question: 3943 if the total adult population is 220 million and 99 million workers are employed and 11 million unemployed, then the total labor force is
- 220 million
- 110 million
- 99 million
- 11 million
- impossible to determine from the data given
Question: 3944 Using the information from the previous question, the unemployment rate is
- 11.1 percent
- 10 percent
- 9.1 percent
- 5 percent
- impossible to determine from the data given
Question: 3945 The interest rate tends to
- rise during recessions
- move in the same direction as the unemployment rate over the business cycle
- blower in recessions and cycle trough
- grow steadily over time
- do both a and b
Question: 4084 A person who has given up looking for work ,though he wants a job,is classified as
- employed
- unemployed
- not in the labor force1
- either, unemployed or not in the labor force,but are needed to determine which
- either employed or not in the labor force,but more data are needed to determine which
Question: 4086 A person who has accepted a part-time job while continuing to look for a full -time job while continuing to look for a full -time position is classified as
- employed
- unemployed
- not in the labor force
- either unemployed or not in the labor force,but more data are needed to determine which
- either employed or not in the labor force,but more data needed to determine which
Question: 4087 Historical data indicate that when the number of unemployed workers is increasing ,the number of employed workers
- always falls
- always rises
- changes unpredictably
- usually falls if the cause is a recession,but may rise otherwise
- nearly always remains approximately constant
Question: 4088 Which of the following would the government be most likely to use to combat cyclical unemployment
- monetary policy
- fiscal policy
- job-training programs
- either monetary or fiscal policy
- minimum -wage laws
Question: 4089 Which of the following would the government be most likely to use to combat structural unemployment?
- monetary policy
- fiscal policy
- job-training programs
- either monetary or fiscal policy
- minimum -wage laws
Question: 4090 An unemployed worker will continue to search for a new job
- as long as he thinks he can get a higher wage offer
- as long as his unemployment benefits last
- as long as the marginal benefit of search exceeds the marginal cost
- as long as his saving will support him
- until he receives a job offer
Answers to the questions of Economics on this page
Following list gives the correct choice for the answer of the Economics mcqs.
3940 . A
3941 . C
3942 . B
3943 . B
3944 . B
3945 . D
4084 . C
4086 . A
4087 . D
4088 . D
4089 . C
4090 . C
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