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Macroeconomıc Theory (ENG)

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  1. 1

    What is the impact of expansionary monetary policy on the AD-curve?

  2. 2

    A change in which of the following causes movement along the labor demand curve?

  3. 3

    I- The SRAS is also called the Keynesian Aggregate Supply curve and it is vertical

    II- The shape of SRAS implies that at the existing price level, firms are willing to supply whatever amount of goods is demanded in the economy

    III- According to the short-run aggregate supply there is full employment in the economy

    IV- Firms can hire as much labor as they want and increase production at the current wage without raising the prices.

    Which of the following statements about the Short Run Aggregate Supply (SRAS) is correct?

  4. 4

    Which of the following statements about LRAS, or the Classical Aggregate Supply curve, is true?

  5. 5

    Long-run Phillips curve introduced by which economist?

  6. 6

    I- A decrease in nominal money supply, II- An open market sale, III- An increase in transfers, IV- A decrease in the required reserve ratio, V- A decrease in discont rate

     Which of the following monetary and fiscal policy applications shifts the AD curve downwards to the left?

  7. 7

    Which of the following models argues that firms perceive a change in nominal prices of their products as a relative price increase and first increase their production, then realize that all prices in the economy have increased and relative prices have not changed, so they reduce production and the economy returns to its long-term potential level?

  8. 8

    What determines the magnitude of the shift in the AD-curve from AD0 to AD1?

  9. 9

    Which of the following statements is true regarding the aggregate demand relationship?

  10. 10

    Which of the following statements about the Aggregate Supply curve is false?

  11. 11

    If there is a 2% depreciation in domestic currency, domestic interest rate is 5% and foreign interest rate is 1,5%, then......

    Which of the following completes the sentence above?

  12. 12

    Which of the following statements about the Aggregate Supply curve is true?

  13. 13
    1. The production function is linear in capital stock.
    2. The production function consists of labor and capital.
    3. Capital exhibits constant returns.
    4. There is a fixed level of technology.
    5. A increasing, exogenous saving rate is assumed.

    Which of the above is/are assumption(s) of the AK Model?

  14. 14

    Assume other things being equal that the government decreases public spending to reduce the budget deficit. Which of the following is true for the IS-LM equation?

  15. 15

    Which of the following options shows the money multiplier?

  16. 16

    Which of the following is likely to occur if people sell their bonds and liquidate them into money?

  17. 17

    At which points in the zone(s) in the figure there is an excess supply of goods in the goods market and an excess demand for money in the money market?

  18. 18

    Which of the following has/have an effect on the slope of the LM curve?

  19. 19

    According to Keynes, why do people hold money?

    1. to be able to realize their transactions
    2. to be able to cover unforeseen expenses
    3. not to lose money and to secure profit
  20. 20

    Which of the following is used to calculate GDP using the expenditure approach not included?

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