(05.02 MC) Assume that there is a positive demand shock in the economy caused by an increase in consumer confidence. In the Phillips curve model, this will be reflected by

(02.06 MC) Suppose Country ‘X’ is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per unit to $5 per unit in 2018 while the amount of output produced remains same. Which of the following is true for the given situation?

(06.03 MC) With the rapid growth of the Indian economy, we can witness the rise in foreign direct investment and investors’ interest in buying Indian assets. Which of the following best explains the consequence of a rise in such economic transactions?

(05.01 MC) Which of the following best explains the effect of a contractionary fiscal and monetary policy on the aggregate demand of an economy?

(01.02 MC) Suppose the PPC of a producer producing two goods, A and B, is a straight line. Which of the following is true regarding the opportunity cost for the producer?

(03.04 MC) Which of the following would lead to a rightward or outward shift in the long-run aggregate supply curve (LRAS)?

(05.02 MC) Use the graph to answer the question that follows.In the accompanying graph, the long-run Phillips curve has shifted from LR to LR′. Which of the following could explain this shift?

(02.03 MC) Which of the following individuals is considered “cyclically” unemployed by economists?

(01.06 MC)The U.S. economy begins to slow, so the U.S. prints more currency. What is the risk of this action?

(01.01 LC)How did the Columbian Exchange affect Europe?