MCQS

55.

Used goods are not included in the ______________

calculation of GNP

calculation of GDP

56.

Full Employment has been ranked among the

foremost objectives of ............Required to answer.

Monetary policy

Fiscal policy

trade policy

57.

Increasing average labor productivity means the amount of output produced per unit of labor input Required to answer.

True

False

58.

In order to influence spending on goods and services in the short-run, monetary policy is directed at directly influencingRequired to answer.

interest rates

inflation rates

unemployment rates

59.

Stagflation occurs when the economy experiencesRequired to answer. S

falling prices and falling output

rising prices and high unemployment

rising prices and rising output

60.

The CPI is the price of this basket of goods relative to the price of the same basket in _______________Required to answer. Single choice.

next year

base year