A. 3>2>1
B. 3=2=1
C. 3<2<1
D. any measure can be larger or smaller than any other
Correct Answer: 3=2=1 ✔
Last Updated: June 18, 2019
Related MCQs
- In an Open economy leakage to imports __________ the value of the multiplier ?
- The total multiplier for the economy will reflect ?
- For given government spending and taxation the government budget deficit will grow in and decline in __________?
- If the government increases spending and raises taxes by just enough to finance this increase it will ?
- If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?
- The multiplier is calculated as__________?
- When investment is assumed to autonomous the slope of the AD schedule is determined by the ?
- Short-run equilibrium output means that aggregate demand __________ actual output?
- When we refer to the hidden economy we mean unrecorded income owing to ?
- Real GNP measures income ?
- In the circular flow we would expect leakages to __________ injections?
- Leakages from the circular flow are and __________?
- Aggregate supply is the total amount ?
- Two of the major factors contributing to growth are ?
- The underground economy consists of ?
- Equilibrium in the circular flow of income occurs when ?
- Total withdrawals from the circular flow of income include ?
- According to the classical economists, the only gainers from growth would be ?
- Indicate below what is NOT a main macroeconomic goal ?
- It has become conventional classify a recession as a period where national output falls for _________ or more?
- The index used most often to measure inflation is the?
- The percentage of the labor force that is unemployed is the ?
- The diagram that shows the income received and payments made by each sector of the economy is the ?
- Higher export demand output and a higher MPZ __________ output?
- when the level of income _________ there will be a tendency for the trade balance to improve as imports?
- Aggregate demand in an economy trading internationally with a government sector can be written as ?
- Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?
- Aggregate demand without a foreign sector is the sum of ?
- If the MPC is 0.5 the multiplier is ?
- The multiplier tells us how much changes after a shift in __________?
- If desired spending in the economy exceeds income we would expect ?
- A linear consumption function with a positive slope less than one means that if income increases consumption will ?
- In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?
- Real GNP is a crude measure of national welfare because it excludes ?
- Nominal GNP measures income ?
- Injection into the circular flow are and __________?
- In the economy when a steel producer sells steel to car producer it is regarded as ?
- The key issues of macroeconomics are ?
- Purchasing power parity exchange rates are used to ?
- Real GDP is nominal GDP measured in constant ?
- Total injection are made up of?
- Aggregate demand includes only ?
- The length of a business cycle would be measured from ?
- An index of prices of all domestically produced goods in the economy is the ?
- Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?
- Macroeconomics is the branch of economics that deals with ?