Macroeconomics Quiz 1

Welcome to your Macroeconomics Quiz 1. I am your host, Alok Aditya. Attempt these MCQ type questions to view your score.

1. 
Who forwarded the relationship between interest rate and transaction demand for money?

2. 
Which one of the following pair is not correctly matched?

3. 
If the value of multiplier is 4, then which will be relevant consumption function

4. 
Which of the following is consistent with the cross-sectional consumption function?

5. 
Who made this statement - "Inflation is unjust and deflation is inexpedient. Of the two, deflation is worse."

6. 
If there will be parallel shift in consumption function, what will be the effect on the investment multiplier?

7. 
Let I = 5+0.2Y; S = -15+0.3Y and G = 5 (fixed), what is the equilibrium level of Y?

8. 
When the intrinsic value of money and its face value are equal, it is called

9. 
When gross investment is positive, net investment is

10. 
Doubal counting must be avoided when calculating national income. This means that there must be a deduction of the value of

11. 
The infant industry argument is often advocated in context of

12. 
A tariff will not have any effect on revenue if the duty imposed is

13. 
Hot money refers to the

14. 
In Heckscher-Ohlin theory of international trade, the most important source of difference in relative commodity prices between nations is a difference in

15. 
A tariff which maximizes a country's economic welfare is called

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