
Quiz on Inflation and Unemployment
Authored by Suria Sanwari
Business
University
Used 2+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost-push inflation is due to
economy operating at full of employment.
excess total consumer spending.
increase in prices of resources.
too much money chasing too few goods.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost-push inflation might be caused by
falling in component costs
falling in labour costs
higher indirect taxes imposed by government
lower direct taxes imposed by government
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation can be measured by the
change in the consumer price index
change in the price of specific commodity
percentage change in the consumer
percentage change in the price of specific commodity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The suitable monetary policy to overcome inflation is by
the purchase of bonds by the central bank.
reducing the interest rate on loans.
reducing money supply in money market.
promoting hire purchase activities.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main cause of demand-pull inflation is
increase in aggregate demand
increase in cost of production
excessive wage increases
abundant production of goods and services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An appropriate policy to reduce demand pull inflation is
reducing taxes.
a tight monetary policy.
an easy monetary policy.
increasing government spending.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The unemployment rate is
the percentage of the total population
the percentage of the labour force which is out of work
the ratio of unemployment to employed worker
the percentage of employed workers out of the total population
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