1.
According to the Phillips curve unemployment will return to the natural rate when ?

2.
Menu costs in relation to inflation refers to ?

3.
Costs of revaluing the currency

4.
An increase in injections into the economy may lead to ?

5.
Demand pull inflation may be caused by ?

6.
If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected ?

7.
Under which of the following conditions would you prefer to be the lender ?

8.
Which of the following statements is correct ?

9.
If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is ?

10.
Refer to Figure 24-1 What is the value of the basket in the base year ?

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