Multi-choice 19 Question 1. Milton Freidman belongs to which school of economics? Answers Option 1 Cambridge Option 2 Harvard Option 3 MIT Option 4 Chicago Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Cost push inflation takes place because of Answers Option 1 Shift in aggregate demand curve Option 2 Shift in demand curve Option 3 Shift in supply curve Option 4 Shift in aggregate supply curve Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Philips curve shows the relation between Answers Option 1 Inflation and Unemployment Option 2 Income and consumption Option 3 Income and price level Option 4 None of these Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. According to Philips curve, relation between inflation and unemployment rate is Answers Option 1 No relation Option 2 Negative Option 3 Positive Option 4 None of the above Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Philips curve is sloping Answers Option 1 Horizontal Option 2 Downward Option 3 Upward Option 4 Vertical Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. In the long run, Philips curve is sloping Answers Option 1 Vertical Option 2 Upward Option 3 Downward Option 4 Horizontal Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Vertical slope of Philips curve implies that stabilisation policy of government is Answers Option 1 Ineffective Option 2 Adversely effective Option 3 Highly effective Option 4 None of these Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Inflation leads to Answers Option 1 Constant saving Option 2 Decrease in saving Option 3 Increase in saving Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. Inflation leads to Answers Option 1 Inequitable distribution of income Option 2 Equitable distribution of income Option 3 No impact on income distribution Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Cost push inflation can be solved by Answers Option 1 Fiscal Measures Option 2 Monetary measures Option 3 Direct control Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 19 Question 1. Milton Freidman belongs to which school of economics? Answers Option 1 Cambridge Option 2 Harvard Option 3 MIT Option 4 Chicago Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Cost push inflation takes place because of Answers Option 1 Shift in aggregate demand curve Option 2 Shift in demand curve Option 3 Shift in supply curve Option 4 Shift in aggregate supply curve Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Philips curve shows the relation between Answers Option 1 Inflation and Unemployment Option 2 Income and consumption Option 3 Income and price level Option 4 None of these Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. According to Philips curve, relation between inflation and unemployment rate is Answers Option 1 No relation Option 2 Negative Option 3 Positive Option 4 None of the above Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Philips curve is sloping Answers Option 1 Horizontal Option 2 Downward Option 3 Upward Option 4 Vertical Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. In the long run, Philips curve is sloping Answers Option 1 Vertical Option 2 Upward Option 3 Downward Option 4 Horizontal Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Vertical slope of Philips curve implies that stabilisation policy of government is Answers Option 1 Ineffective Option 2 Adversely effective Option 3 Highly effective Option 4 None of these Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Inflation leads to Answers Option 1 Constant saving Option 2 Decrease in saving Option 3 Increase in saving Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. Inflation leads to Answers Option 1 Inequitable distribution of income Option 2 Equitable distribution of income Option 3 No impact on income distribution Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Cost push inflation can be solved by Answers Option 1 Fiscal Measures Option 2 Monetary measures Option 3 Direct control Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
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