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Economics Past Questions

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4036

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

  • A. monetary policy
  • B. fiscal policy
  • C. credit ceiling
  • D. open market operation
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4037

Restrictive monetary policy is designed to curtail aggregate demand and to overcome________

  • A. Deflation
  • B. Reinflation
  • C. Disinflation
  • D. Inflationary gap
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4038

The average curve and the marginal curve are U-shaped in the short-run and flatter in the long-run due to________

  • A. Economies of scale
  • B. Money cost
  • C. Opportunity cost
  • D. Cost functions
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4039

The most important cost curve for the firm is_________

  • A. MC
  • B. AC
  • C. TC
  • D. FC
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4040

In the case of highly or close complementary goods, the indifference curve is_______

  • A. A straight line
  • B. A right-angled
  • C. L - shaped
  • D. Curvature
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