Question # 1

"Rising productivity does not in itself spell the end of inflation. With enough______ it would still be possible to whip prices into a froth the blank is best filled with.

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Income growth

Unemployment

Money growth

Taxes

Fractional unemployment arises when

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Unskilled or low skilled workers find it difficult to obtain desirable long term jobs

Labor must be reallocated from industries that are shrinking to areas that are growing.

Workers must search for suitable jobs and firms must search for suitable workers.

Output and employment are below full employment levels

Who own the random number table which comprising of 15,000 digits arranged in twos.

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Kendall and B,B. Smith

L.H.C. Tippet

British Census report

Fisher and Yates

If injection are less than with drawls at the full employment level of national income there is.

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an inflationary gap

Equilibrium

A deflationary gap

Hyperinflation

Globalization is likely to increase with

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More protectionism

An increase in tariffs

More trade within countries

Greater trade flows between countries

If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.

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25$

99$

Rs.1.25

Rs.1.13

All economic model ae based on

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Realistic assumptions

Assumptions which can never be perfectly realistic

Unrealistic assumptions

None of the above

A polynomial equation with degree two a called.

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Linear equation

Quadratic equation

Parabola equation

All of the above

What's the most common way for a central bank to reduce the money supply.

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Collect higher taxes

Sell bonds to the public

Buy bounds from the government

Buy bonds from the public

Local correspondent's method can be applied only where a high degree of precision is not.

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Case

Necessary

Interview

Nalied

The determinant of a matrix and that of its transpose are

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Equal

Zero

One

Negatively related

Unemployment Rate is a percentage relation with reference is.

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Total population

Civilian labour force

Employed persons

Unemployed persons

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

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20%

2%

12%

15%

An increase in the money supply shifts the LM curve to the right causing the interest rate to __________ and output to.

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rise ; rise

rise ; fall

fall ; rise

fall ; fall

There are _______ major instrument of monetary policy.

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Three

Four

Five

None

In the long run in perfect competitiion

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the price equals the total revenue

Firm are allocatively inefficient

Firms are productively efficient

the price equals total cost

If a monopolist's has only fixed costs and chooses that output at which marginal cost equals price. it will

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Earn positive economic profits

Earn zero economic profits

Incur a loss equal to its variable costs

Incur a loss equal to its fixed costs

If there is no price surprise, total output is.

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50

150

400

200

According the Keynes when the great depression started , the government should have.

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Done nothing

Decreased the money supply

Had a large increase in government spending.

Enacted high tariffs, such as the smoot Hawley tariff

a x2 + bx + c = 0

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Linear equation

Quadratic equation

Polynomial of degree five

None of these

Which is the most volatile component of aggregate demand.

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Net exports

Consumption

Investment

Government spending

The total multiplier for the economy will reflect.

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MPC and MPT

MPT and MPZ

MPC and MPZ

MPC, MPT and MPZ

In case of complimentary goods, if the price of one commodity falls there will be.

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Rise in demand of other commodity

Fall in demand of other commodity

Fall is demand of both commodities

Nor charge

When the price level increases 25% starting from a price level equal to 100, a Rs. 1000 bond will have a real value of .

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Rs. 800

Rs.1250

Rs.750

Rs.666

When the period of Rabi crops starts and when it end.

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October - May

January - October

May- October

June - September

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

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Inflation

A supply shocks

Crowding out

Inflation illusion

The most frequently occurring score in a distribution

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Mean

mode

Median

Quartile

Major sector of the Pakistan economy in

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Export sector

Industrial sector

Services sector

Agriculture sector

The exchange rate is kept the same across geographically separate markets by

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Hedging

Speculation

Government regulation

Arbitrage

A tariff that prohibits imports has only

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a revenue effect and redistribution effect

Revenue effect and protection effect

Consumption effect and protection effect

Redistribution effect and consumption effect

Case study may be a source of hypothesis of.

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Future research

Research design

Content analysis

Intensive study

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