Economics - Economic Indicators MCQ Test: Economics - Economic Indicators MCQs - Practice Questions
1. Which monetary policy tool involves the purchase or sale of government securities to influence the money supply?
2. Which economic term refers to a prolonged period of economic decline with high unemployment and falling output?
3. What is the term for a situation where the government's total expenditures exceed its total revenues in a given fiscal year?
4. Which of the following is a measure of economic growth?
5. What is the term for a situation where the government intervenes in the economy to correct market failures?
6. Which of the following is NOT a tool of monetary policy?
7. What does the term 'stagflation' refer to?
8. What does the 'Stagflation' refer to?
9. In the context of the Phillips Curve, what does a negative correlation between inflation and unemployment imply?
10. Which economic theory emphasizes the role of expectations and animal spirits in influencing economic decisions?
11. Which economic term refers to a market situation where there is only one seller of a particular product or service?
12. In the context of monetary policy, what does the term 'liquidity trap' refer to?
13. Which of the following best describes 'inflation'?
14. Which economic concept suggests that consumers can be influenced by changes in their perceived wealth?
15. Which economic indicator is used to assess the overall health of a nation's labor market?
16. Which of the following can be a cause of inflation?
17. Which of the following represents a contractionary monetary policy?
18. What does the term 'supply and demand' represent?
19. Which economic theory emphasizes the importance of supply-side policies in promoting economic growth?
20. Which economic indicator measures the total value of goods and services produced within a country in a specific period?
21. What does a negative trade balance indicate?
22. What does the term 'liquidity trap' refer to in the context of monetary policy?
23. Which term describes a situation where production of a good imposes costs on third parties not involved in the transaction?
24. What does the term 'monetary policy' refer to?
25. Which economic concept refers to the total value of a country's exports minus the total value of its imports?
26. What does CPI stand for?
27. What is the primary determinant of a country's potential output in the long run?
28. What does 'Deflation' signify?
29. What does the term 'interest rate' signify?
30. Which of the following best describes the concept of an 'inflationary gap'?