PPSC FPSC KKPSC BPSC SPSC AJKPSC Lecturer Economics Test 43

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There will be 25 multiple choice question in the test.
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Test Instructions:-
Test Name Lecturer Economics 
Subject Economics Test 43
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100
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You have 20 minutes to pass to the quiz.


Lecturer Economics Online Test No. 43

1 / 25

Keynes believed that wages were inflexible downwards for all of the following except the existence of:

2 / 25

When the price level goes up the value of money:

3 / 25

In the public discovers that it can get along with less money:

4 / 25

In a hyperinflation velocity would be very low:

5 / 25

In the classical quantity theory the main connection from the money supply to real output is:

6 / 25

Say's law asserts that because investment and savings are equalized by the interest rate any change in supply will automatically result in:

7 / 25

The simple Keynesian aggregate supply curve is:

8 / 25

For the classical economists unemployment existed because:

9 / 25

In the simple quantity theory model the value of money is determined by:

10 / 25

Keynes famous quote that in the long run we are all dead was made in reference to the:

11 / 25

In the AD-AS quantity theory a decrease in aggregate demand results in:

12 / 25

If the money supply declines by 30% the simple quantity theory of money predicts:

13 / 25

The classical quantity theory was abandoned by most macro economists because of:

14 / 25

The classical school economic philosophy of laissez-faire was challenged by:

15 / 25

In classical theory, excess supply of a product would be associated with:

16 / 25

In a depression economy along a horizontal aggregate supply curve:

17 / 25

According to classical economists velocity would:

18 / 25

In the AD-AS quantity theory model changes in the money supply affect:

19 / 25

In the classical model if desired saving exceeded desired investment:

20 / 25

The basic Keynesian aggregate supply curve modified by the existence of bottlenecks allows for the existence of:

21 / 25

According to classical quantity theory, if the money supply in the economy in the previous problem decreases to $400 billion:

22 / 25

A Keynesian equilibrium with less that full employment can occur on the portion of the aggregate-supply curve that is:

23 / 25

According to the classical model if desired saving should unexpectedly decreases, then:

24 / 25

The simple view of the quantity money assumed:

25 / 25

The Keynesian revolution in macroeconomics was that:

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