Deneme Sınavı Soruları

Which of the following will happen when the nominal exchange rate increases?

I. The most common reasons for wage rigidity are collective bargaining and unions, efficiency wage, minimum wage law.

II. The higher wage set by unions lead firms to a lower demand for labor, so that higher unemployment is observed

III. Efficiency wage leads to voluntary unemployment

IV. High minmum wage causes more unemployment

Which of the above statements are true regarding wage rigidity?

Workers who are laid off due to a downturn in the business cycle are...

Which of the following completes the sentence above?

The golden rule level of capital accumulation was first articulated by ................. and it is the level of capital that maximizes the level of consumption in the steady state.

Which of the following completes the sentences above?

............... model describes the determination of equilibrium in the shortrun of a small open economy with respect to income, interest rate and exchange rate.

Which of the following completes the sentence above?

1. Economy operates in full employment
2. Capital-output ratio is assumed to be constant
3. Capital-labor ratio is assumed to be flexible
4. Capital can substitude labor
5. Technological progress is not considered

Which of the above is/are limititation(s) of the Harrod-Domar model?

Which one of the following defines the natural rate of unemployment?

What are the equilibrium effects of monetary expansion on interest rate, output and price, respectively, in the medium term?

In international macroeconomics, the situation that a fixed exchange rate, an independent monetary policy and free capital mobility cannot exist all at the same time is called “.....................”.

Which of the following complets the sentence above?

Convergence is the hypothesis suggesting that poor countries grow faster than rich countries. There are two important types of convergence in the neoclassical model: ............. and ............... (absolute) convergence.

Which of the following completes the sentence above?

Deviation of unemployment from the natural rate of unemployment and the deviation of real output from potential output is known as...

Which of the following completes the sentence above?

Which of the following define money supply?

1. total amount of money available in an economy at a particular point in time
2. currency, paper money, and coins that nonbank public holds
3. demand deposits in commercial banks
4. liquid assets in an economy earning interest

Which of the following statements is false?

Which of the following describes the impact of contractionary monetary policy in a short-run model of an economy?

Which of the following is/are true of LM curve?

1. The LM curve shifts in response to changes in money supply and money demand.
2. The slope of the LM curve is determined by the income elasticity and the interest rate elasticity of demand for money.
3. LM curve is a locus of income and interest rate combinations that keep the money market in equilibrium, where money demand is equal to the money supply.

What is it called when government spending boosts the economy by more than what is spent?

The following information is given for an economy.

Assume that the money demand function is given as follows: Md = $Y(0.5-i)

Nominal Income: $Y = 2000 Money Supply: Ms = 200

Interest rate: 10%.

According to the information above, which of the following gives the demand for money?

The consumption function describes the relation between the ............ and ..................

Which of the following completes the sentence above?