ECO403 FINAL TERM IMP MCQS 2023

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ECO403 Final term important mcqs 2023

1 / 20

The extra output that a firm can produce using an additional unit of labor is known as:

2 / 20

The rate at which the consumer is willing to substitute second period consumption for the first
period consumption is known as:

3 / 20

Let s denote the rate of job separation and f the rate of job finding. If the labor market is in a steady state, the natural rate of unemployment is equal to:

4 / 20

The narrowest definition of money supply is:

5 / 20

Inflation resulting from supply shocks is known as:

6 / 20

An item that is intrinsically worthless is:

7 / 20

The standard of living is often measured by which of the following?

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Which of the following is NOT the short run impact of an increase in money supply?

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9 / 20

Currency held by the public is included in:

10 / 20

The deposits that banks have received but have not lent out are called banks
investments.

11 / 20

As income rises, average propensity to consume (APC) falls.

12 / 20

Structural unemployment is the unemployment resulting from real wage rigidity and job
rationing.

13 / 20

Intermediate goods are counted in the calculation of GDP.

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The aggregate supply curve in the short run is different from the aggregate supply
curve in the long run due to:

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A rightward shift in the aggregate demand curve can be caused by:

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The relationship between consumer spending and income is known as the:

17 / 20

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Which of the following would not be included in M2?

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Keeping in mind the functions of money, which one of the following is money?

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Gross domestic product measured in terms of the prices of a fixed, or base, year is:

20 / 20

In the circular flow diagram, firms _____________ inputs and households ____________ products.

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The average score is 65%

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Virtual university ECO403  Final term exams 2023 preparation

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Vu final term preparation 2023.

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