Economics Mcqs — Test 129

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Question 1

When the supply and demand curves intersect the final lasting price is achieved This is called_____________?

Question 2

Total “laissez-faire” is impossible because________________?

Question 3

The Great Depression_________________?

Question 4

In economic terms incomes are distributed according to________________?

Question 5

A way of calculating the total output of the economy regardless of where resources are located is________________?

Question 6

In order to raise the GNP and the GDP per capita one must____________?

Question 7

The inordinate growth of government is a side effect of________________?

Question 8

Which is/are the policy option(s) to counteract business cycles ?

Question 9

The argument that in some situations the government had to “prime the pump” was advanced by________________?

Question 10

Supply-side theories claim that__________________?