3. According to Abel, inflation will nanke and Croushore, a decrease in the ex C

Question

3. According to Abel, inflation will nanke and Croushore, a decrease in the ex Crou expected rate of A. Shift the LM curve up and to the B. Shift the LM curve down and to the C. Shift the IS curve up and to the right D. Shift the IS curve down and to the E. None of the above 4. According to Abel, Bernanke and Croushore, av aggregate economic activity is called a economic activity ds Croushore, a variable that tends to A. Leading variable. B. Coincident variable. C. Prediction variable D. Precursor variable. E. None of the above. 5. According to Abel, variables is procyclical and leading with the , Bernanke and Croushore, which of the following macroeconomic A. Residential investment B. Nominal interest rates. C. Industrial production D. Unemployment. E. None of the above. business cycle? 6. According to Abel, Bernanke and Croushore, which variable? of the following is not a A. Industrial production B. Consumption C. Business fixed investment. D. Stock prices. E. None of the above. 7. According to Foley, in the context borrowing is motivated by of the study of accumulation, the case of capitalist A. To maximize the welfare of his workers and provide t B. The need to ensure his/her consumption pattern. C. The desire to use the borrowed money as money capital and provide them with pensions. appropriate surplus values. D. The desire to contribute to faith based organization that in the circuit of capital to inequality. E. None of the above. act to reduce income

Explanation / Answer

3). C). Shift the IS curve up and to the right. This is because a rise in expected inflation actually leads to increased level of inflation. An increase in inflation will further lead to increase in output levels.

4). A). Leading variable

5). C). Industrial Production. This is because an increase in Industrial production are consistent with increased economic growth and also leads to business cylces taking place in the economy

6). D). Stock market. Stock market is not a coincident variable since it does not show the true picture of an economy.

7). B). The need to ensure his/her consumption pattern

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