[{"id":213149,"question":"Occupational immobility of labour occurs if.","choices":[{"text":"People lack information","value":"A"},{"text":"People do not want to work","value":"B"},{"text":"People do not have the right skills to work","value":"C"},{"text":"People cannot afford to move location","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213148,"question":"If there is cyclical unemployment in the economy the government might.","choices":[{"text":"Increase interest rates","value":"A"},{"text":"Encourage savings","value":"B"},{"text":"Cut taxes","value":"C"},{"text":"Reduce government spending","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213147,"question":"The natural rate of unemployment is likely to tall if","choices":[{"text":"Unemployment benefits increase","value":"A"},{"text":"Income tax increases","value":"B"},{"text":"More training is available for the unemployed","value":"C"},{"text":"Geographical immobility increases","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213146,"question":"Supply side policies are most appropriate to cure.","choices":[{"text":"Involuntary unemployment","value":"A"},{"text":"Cyclical unemployment","value":"B"},{"text":"Voluntary unemployment","value":"C"},{"text":"A fall in aggregate demand","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213145,"question":"If people are made unemployed because of a fall in aggregate demand this is known as.","choices":[{"text":"Frictional unemployment","value":"A"},{"text":"Seasonal unemployment","value":"B"},{"text":"Cyclical unemployment","value":"C"},{"text":"Structural unemployment","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213144,"question":"A government might use tax to.","choices":[{"text":"Discourage consumption of positive externalities","value":"A"},{"text":"Discourage consumption of public goods","value":"B"},{"text":"Discourage consumption of merit goods","value":"C"},{"text":"Discourage consumption of negative externalities","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213143,"question":"The goal of a pure market economy is to best meet the desires of.","choices":[{"text":"Consumers","value":"A"},{"text":"Companies","value":"B"},{"text":"Workers","value":"C"},{"text":"The government","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213142,"question":"The marginal rate of tax paid is.","choices":[{"text":"The total tax paid /total income","value":"A"},{"text":"Total income/total tax paid","value":"B"},{"text":"Change in the tax paid/change in income","value":"C"},{"text":"Change in income/change in tax paid","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213141,"question":"If there is a price celling which of the following is NOT likely to occur.","choices":[{"text":"Rationing by first come first served","value":"A"},{"text":"Black markets","value":"B"},{"text":"Gray markets","value":"C"},{"text":"Sellers providing goods for free that were formerly not free","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213140,"question":"If the economy grows the government's budget position will automatically","choices":[{"text":"Worsen","value":"A"},{"text":"Improve","value":"B"},{"text":"Stay the same","value":"C"},{"text":"Increase with inflaction","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213139,"question":"An expansionist fiscal policy could include","choices":[{"text":"Lower interest rates","value":"A"},{"text":"Increased lending by the banks","value":"B"},{"text":"An increase in corporation tax","value":"C"},{"text":"An increase in discretionary government spending","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213138,"question":"The difference between gross investment and net investment is.","choices":[{"text":"Depreciation","value":"A"},{"text":"Acceleration","value":"B"},{"text":"Deceleration","value":"C"},{"text":"Capital investment","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213137,"question":"If an increase in investment leads to a bigger increase in national income this is called the.","choices":[{"text":"Accelerator","value":"A"},{"text":"Aggregate demand","value":"B"},{"text":"Monetarism","value":"C"},{"text":"Multiplier","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213136,"question":"Investment is an out stable element of aggregate demand because is depends heavily on.","choices":[{"text":"Government policy","value":"A"},{"text":"Expectations","value":"B"},{"text":"National income","value":"C"},{"text":"Historic trends","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213135,"question":"Investment depend mainly on.","choices":[{"text":"Past levels of income","value":"A"},{"text":"Future expected profits","value":"B"},{"text":"Present national income levels","value":"C"},{"text":"Historic data","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213134,"question":"The accelerator assumes.","choices":[{"text":"The marginal propensity to consume is constant","value":"A"},{"text":"The economy is at full employment","value":"B"},{"text":"There is a constant relationship between net investment and the rate of change of output","value":"C"},{"text":"The multiplier is constant","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213133,"question":"An increase in interest rates.","choices":[{"text":"Is likely to reduce savings","value":"A"},{"text":"Is likely to reduce the external value of the currency","value":"B"},{"text":"Leads to a shift in the MEC schedule","value":"C"},{"text":"Leads to a movement along the MEC schedule","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213132,"question":"An outward shift in the marginal efficacy of capital should.","choices":[{"text":"Decrease consumption","value":"A"},{"text":"Increase aggregate demand","value":"B"},{"text":"Reduce aggregate supply","value":"C"},{"text":"Slow economic growth","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213131,"question":"An increase in investment is most likely to be caused by.","choices":[{"text":"Lower interest rates","value":"A"},{"text":"Lower national income","value":"B"},{"text":"A decreasing the marginal propensity to consume","value":"C"},{"text":"An increase in with drywalls.","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213130,"question":"The marginal propensity to consume is equal to.","choices":[{"text":"Total spending /total consumption","value":"A"},{"text":"total consumption/total income","value":"B"},{"text":"Change in consumption/change in income","value":"C"},{"text":"Change in consumption/change in savings","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213129,"question":"Friend man's theory of consumption focuses on","choices":[{"text":"Past income","value":"A"},{"text":"Current income","value":"B"},{"text":"Disposable income","value":"C"},{"text":"Permanent income","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213128,"question":"Lower interest rates are likely to.","choices":[{"text":"Decrease consumption","value":"A"},{"text":"Increase cost of borrowing","value":"B"},{"text":"Encourage saving","value":"C"},{"text":"Increase spending","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213127,"question":"An increase in consumption at any given level of income is likely to lead to.","choices":[{"text":"a fall in savings","value":"A"},{"text":"An increase in exports","value":"B"},{"text":"A fall in taxation revenue","value":"C"},{"text":"A decrease in import spending","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213126,"question":"As income increases.","choices":[{"text":"the average propensity to consume gets nearer in value to the marginal propensity to consume","value":"A"},{"text":"the average propensity to consume diverges in value from the marginal propensity to consume","value":"B"},{"text":"the average propensity to consume falls","value":"C"},{"text":"The averge propensity to consume always approaches 0","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213125,"question":"An increase in the marginal propensity to consume will","choices":[{"text":"Increase the size of the multiplier","value":"A"},{"text":"Increase the marginal propensity to save","value":"B"},{"text":"Decrease national income","value":"C"},{"text":"Reduce injections into the economy","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213124,"question":"An increase in aggregate demand if aggregate supply is totally inelastic will.","choices":[{"text":"Increase price but not output","value":"A"},{"text":"Increase output but not price","value":"B"},{"text":"Increase out put and price","value":"C"},{"text":"Decrease output and price","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213123,"question":"Increased levels of spending on imports","choices":[{"text":"shift aggregate supply to the right","value":"A"},{"text":"Shift aggregate supply to the left","value":"B"},{"text":"Shift aggregate demand to the right","value":"C"},{"text":"Shift aggregate demand to the left","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213122,"question":"Increase un employment benefits and less incentive to work would.","choices":[{"text":"Shift aggregate supply to the right","value":"A"},{"text":"Shift aggregate supply to the left","value":"B"},{"text":"Shift aggregate demand to the right","value":"C"},{"text":"Shift aggregate demand to the left","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213121,"question":"Improved training of employees would.","choices":[{"text":"Shift aggregate supply to the right","value":"A"},{"text":"Shift aggregate supply to the left","value":"B"},{"text":"Shift aggregate demand to the right","value":"C"},{"text":"Shift aggregate demand to the left","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213120,"question":"Which of the following would decrease aggregate demand.","choices":[{"text":"Increased consumption","value":"A"},{"text":"Increasing export revenue","value":"B"},{"text":"Increased taxation revenue","value":"C"},{"text":"Increased investment","value":"D"},{"value":"E"}],"correctAnswer":3}]