[{"id":213860,"question":"According to the life cycle hypothesis consumption is related to.","choices":[{"text":"Current income","value":"A"},{"text":"Past peak income","value":"B"},{"text":"Expected lifetime income","value":"C"},{"text":"Price expectations over one's life time","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213859,"question":"According to the permanent income hypothesis all increases in .","choices":[{"text":"Permanent income are saved","value":"A"},{"text":"Permanent income are consumed","value":"B"},{"text":"transitory income are saved","value":"C"},{"text":"Transitory income are consumed","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213858,"question":"Keynes considered subjective and objective factors.","choices":[{"text":"Determinants of investment","value":"A"},{"text":"Determinants of business will ingress to supply","value":"B"},{"text":"Unimportant determinants of consumption.","value":"C"},{"text":"Important determinants of consumption.","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213857,"question":"Changes in subjective or objective factors.","choices":[{"text":"Never affect the consumption function","value":"A"},{"text":"Always cause downward shifts of the consumption function","value":"B"},{"text":"Always cause upward shifts of the consumption function","value":"C"},{"text":"May cause upward or downward shifts of the consumption function","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213856,"question":"Which of the following is the second law of gossen.","choices":[{"text":"Law of equal marginal utility.","value":"A"},{"text":"Law of equi product","value":"B"},{"text":"Theory of indifference curve","value":"C"},{"text":"Law of diminishing marginal utility.","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213855,"question":"Disinflationary demand management policies.","choices":[{"text":"Achieve a lower rate of inflation without causing a decreases in output.","value":"A"},{"text":"Reduce output but have no initial effect on the inflation rate","value":"B"},{"text":"Require an increase in government spending.","value":"C"},{"text":"Require a reduction in the growth rate of the nominal money supply.","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213854,"question":"An economy is in inflationary equilibrium A sustained increase in government appending shifts.","choices":[{"text":"DAD rightward for one period","value":"A"},{"text":"DAD and DAS right ward permanently","value":"B"},{"text":"DAD right ward and a new equilibrium","value":"C"},{"text":"DAD right ward and a new equilibrium.","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213853,"question":"At point of satiety marginal utilityis.","choices":[{"text":"Positive","value":"A"},{"text":"Negative","value":"B"},{"text":"Maximum","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213852,"question":"The dynamic aggregate demand schedule shifts rightward when there is an increase in.","choices":[{"text":"The expected rate of inflation ceteris paribus","value":"A"},{"text":"The growth rate of the nominal money supply ceteris paribus","value":"B"},{"text":"The income tax rate ceteris paribus","value":"C"},{"text":"the current inflation rate celeries paribus","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213851,"question":"Marginal utility is equal to average utility at that time when average utility is.","choices":[{"text":"Increasing","value":"A"},{"text":"Maximum","value":"B"},{"text":"Falling","value":"C"},{"text":"Minimum","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213850,"question":"Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.","choices":[{"text":"The price level and real output","value":"A"},{"text":"the prie level but has no effect on real output","value":"B"},{"text":"Real output but has no effect on the price level","value":"C"},{"text":"The nominal and real wage","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213849,"question":"Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.","choices":[{"text":"Has no effect upon the price level","value":"A"},{"text":"Increase the rate of interest","value":"B"},{"text":"Increase the nominal wage 10%","value":"C"},{"text":"Increase the real money supply 10%","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213848,"question":"The data indicates that country A in billions of rupees is experiencing a","choices":[{"text":"A deficit of Rs.60","value":"A"},{"text":"A surplus of Rs. 300","value":"B"},{"text":"Deficit of Rs.900","value":"C"},{"text":"A deficit of Rs. 500","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213847,"question":"A rise in the exchange rate value of the rupee will most likely cause.","choices":[{"text":"A dollar to be worth less in learns of other currencies.","value":"A"},{"text":"Imports to decrease","value":"B"},{"text":"Exports to increase","value":"C"},{"text":"The balance of payments curve to shift to the left","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213846,"question":"Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.","choices":[{"text":"Capital flow restrictions","value":"A"},{"text":"Export quotas","value":"B"},{"text":"Export subsidies","value":"C"},{"text":"Import tariffs","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213845,"question":"An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.","choices":[{"text":"0","value":"A"},{"text":"25","value":"B"},{"text":"75","value":"C"},{"text":"100","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213844,"question":"The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.","choices":[{"text":"Rs.941 to Rs. 979","value":"A"},{"text":"Rs.900 to Rs. 1,020","value":"B"},{"text":"Rs.821 to Rs.859","value":"C"},{"text":"Rs.780 to Rs.900","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213843,"question":"Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.","choices":[{"text":"The problem of autocorrelation","value":"A"},{"text":"A type 1 error","value":"B"},{"text":"The problem of multicollinear rarity.","value":"C"},{"text":"a type II error","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213842,"question":"The regression results indicate that the standard error of estimate is.","choices":[{"text":"135.94","value":"A"},{"text":"16.06","value":"B"},{"text":"28.98","value":"C"},{"text":"4.27","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213841,"question":"If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.","choices":[{"text":"1.3 %","value":"A"},{"text":"12%","value":"B"},{"text":"9%","value":"C"},{"text":"3%","value":"D"},{"value":"E"}],"correctAnswer":4}]