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- 1. Multiple Choice
What type of unemployment cannot be reduced by supply side policies
Structural unemployment
Season unemployment
cyclical unemployment
Real wage unemployment
- 2. Multiple Choice
Which one of the following statements about the keynesian LRAS is correct
The curve is perfectly inelastic at high levels of spare capacity
The curve is perfectly elastic in at the full employment level
The curve is elastic at high levels of spare capacity
The curve is perfectly elastic at high levels of spare capacity
- 3. Multiple Choice
Which one of the factors is an injection that into the circular flow of income
Imports
Taxation
Government expenditure
Interest rate
- 4. Multiple Choice
What would have been the reason for a fall in the consumer price index (cpi)
fall in Standard of living
Increase in interest rates
purchasing power of money fell
Price of exports increased
- 5. Multiple Choice
which factor will improve happiness and well-being in a country
rising inflation
Increase in the GDP per capita
Rising unemployment rates
increase in poverty and inequality
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