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Question

Identify the objective of macro economics

a.full unempoyment

b.pure instability

c. High fluctuation in econocmic activity

d. all

e.none

During a recession phase in the business cycle,

a. Economic performance generally declines

b. Total output increases

c . National income rises

d. all

When export is greater than import,the country experiances

a. Trade deficit

b. Budget surplus

c. Trade surplus

d none

A type of unemployment due to absence of jobs or vacancy is

a. structural

b. cyclic

c. frictional

d. none

..... is the rate of inflation expected to occur over a specified period of time

a. Anticipated inflation

b. Unanticipated inflation

c. Inflation

d. NOne

Which one of the ff is redistribution effects of inflation?

a. Wealth income

b. income effect

c. price effect

d. all

Identify the wrong formula

a. Growth investment= net investment + deprecation

b. GNP= GDP + NFI

c. Net domestic product= GDP + depreciation

d. None

Answer 1

1 - e

2 - a

3 - c

4 - b

5 - a

6 - a

7 - c