[{"id":148178,"question":"If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:","choices":[{"text":"Horizontal","value":"A"},{"text":"Vertical","value":"B"},{"text":"Negatively sloped","value":"C"},{"text":"Positively sloped","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":148177,"question":"Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?","choices":[{"text":"IS curve must be vertical","value":"A"},{"text":"LM curve must be vertical","value":"B"},{"text":"Central Bank must have increased the money supply at the same time","value":"C"},{"text":"Central Bank must have decreased the money supply at the same time","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148176,"question":"A tax on the accounting profits of corporations is known as:","choices":[{"text":"Sales tax","value":"A"},{"text":"Excise tax","value":"B"},{"text":"Corporate income tax","value":"C"},{"text":"Personal income tax","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148175,"question":"\"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%.\" Which of the following best describes this statement?","choices":[{"text":"Consumption curve","value":"A"},{"text":"Supply curve","value":"B"},{"text":"Laffer curve","value":"C"},{"text":"Investment curve","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148174,"question":"The interest rate parity is the basic identity that relates which of the following?","choices":[{"text":"Interest rates and exchange rates","value":"A"},{"text":"Interest rates and inflation rate","value":"B"},{"text":"Exchange rates and inflation rate","value":"C"},{"text":"Discount rate and inflation rate","value":"D"},{"value":"E"}],"correctAnswer":1}]