Economics Mcqs — Test 9
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Question 1
If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?
Question 2
If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?
Question 3
Possible causes of involuntary unemployment are ?
Question 4
The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?
Question 5
According to the classical economists, those who are not working ?
Question 6
The equilibrium inflation rate is determined by the intersection of _____ and _____?
Question 7
The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?
Question 8
In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
Question 9
Governments may contribute to inflationary pressure because of building up large ?
Question 10
The long-run Phillips curve is ____ at the ____?