Economics Mcqs — Test 41
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Question 1
If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?
Question 2
If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?
Question 3
If British residents want more French francs to purchase more French cloths other things equal, then the equilibrium value of the pound against the French franc will ?
Question 4
A current account deficit means that a country may ?
Question 5
If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?
Question 6
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
Question 7
The record of country’s imports and exports of goods is called its ?
Question 8
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
Question 9
The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
Question 10
Government policies that focus on increasing production rather than demand are called ?