Question # 1

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

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Horizontal

Vertical

Negatively sloped

Positively sloped

Which of the following event will lead towards cost-push inflation and therefore stagflation?

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An increase in taxes on individuals

A decrease in real interest rates

A union settlement that increases wage levels

An increase in government purchases

Macro Economics was introduced by

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Alfred Marshall

J.M. Keynes

N.W. Senior

J.B. Clark

Who presented the quantity theory of money:

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Marshall

Robbins

Taussig

Keynes

In February 2006, the Avian Influenza was reported by poultry farm in:

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Hyderabad

Karachi

Multan

Charsadda

According to law of increasing return, marginal product:

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Increases

Decreases

Remains constant

None of these

The methods of measuring elasticity of supply are:

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Three

Two

Four

Five

The supply of land is:

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Infinity

Fixed

Variable

Zero

The Diamer Bhasha Dam will be completed in :

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2009

2010

2012

2015

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NAT II Management Science Economy MCQs With Answers

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