Introduction to Economics 2 Çıkmış Sorular, Online Deneme Sınavları, Çalışma, Dersler, Sınava Hazırlanma, vize, final

Soru 1:

What does aggregate demand curve show?

A) The relationship between the general price level and the level of production B) The relationship between investments and the level of production C) The relationship between real GDP and the level of production D) The relationship between real interest rates and the level of production E) The relationship between real aggregate expenditures and the level of production

Soru 2:

................... is money in the form of demand deposit that is created by banks as a result of accepting deposits and loaning of funds Which one of the following below completes the sentence above?

A) Reserves B) Fractional reserve banking C) Deposit money D) Money demand E) Money supply

Soru 3:

Which of the following shows the knock-on effect of an increase in prices while the quantity of money stays constant?

A) P↑ → Md↑→ i↑ → Y↓ B) P↑ → Md↑→ i↓ → Y↑ C) P↑ → Md↓→ i↑ → Y↓ D) P↑ → Md↓→ i↓ → Y↑ E) P↑ → Md↓→ i↓ → Y↓

Soru 4:

.......................... is determined by central bank and indicates the quantity of reserves that banking system holds against their liabilities. Which one of the following below completes the sentence above?

A) Expansionary monetary policy B) Contractionary monetary policy C) Required reserve ratio D) Discount rate E) Open market operation

Soru 5:

According to Solow model, which of the following is/are among the fundamental determinants of long-run living standards?

A) The saving rate B) Population growth C) Productivity growth D) All of the above E) None of the above

Soru 6:

Which one of the following is about the Solow Growth Model of economy?

A) It relates an economy’s growth rate to its capital stock. B) It emphasizes how positive changes in investment spending causes an increase in an economy’s productive capacity. C) It explains the sources of productivity growth and the growth rate of output endogenously. D) It implies that the rate of productivity improvement is the dominant factor determining how quickly living standards rise E) It adds the accumulation of human capital to the initial variables.

Soru 7:

Which of the following function of Money ensures to keep purchasing power on hand?

A) Unit of account B) Store value C) Medium of exchange D) Credibility E) Accreditation

Soru 8:

What is the inflation caused by aggregate demand increases?

A) Inflation in stagnation B) Demand-pull inflation C) Cost-push inflation D) Low inflation E) High inflation

Soru 9:

Let’s assume a hypothetical world with two countries, namely Sunland and Lakeland . So as to provide simplicity for the analysis, it is assumed that the countries are producing only two commodities, corn and Wheel under increasing opportunity costs.For Lakeland, the absolute disadvantage in corn production (4) is greater than the absolute disadvantage in wheel production (1,6). If this is the case which of the following statement can be said ?

A) Sunland has no comparative advantage B) Lakeland has a comparative advantage in the production of corn C) Sunland has a comparative advantage in the production of Wheel. D) Lakeland has a comparative advantage in the production of Wheel. E) Lakeland has no comparative advantage.

Soru 10:

Which of the following is true according to Keynesian Model in terms of equilibrium?

A) equilibrium income can be achieved at the level of underemployment or overemployment. B) savings of the production factors are invested by the firms. C) the prices of production factors will also fall due to the dynamics of perfect competition market D) Equilibrium in the labor market will be provided at a lower wage level E) firms give their production decisions according to the expected income

Soru 11:

What do these symbols stand for? I. P II. Y III. MS

A) I: price level, II: production, III: money supply B) I: price level, II: agricultural yield, III: money supply C) I: production, II: agricultural yield, III: money supply D) I: production, II: agricultural yield, III: mass production E) None of the above

Soru 12:

What does general equilibrium refer to?

A) It refers to the full employment of economy with price stability. B) It refers to the balance of payments equilibrium. C) It refers to the situation of concurrent equilibrium of the internal and external balance of an economy. D) It refers to the situation of either internal or external equilibrium in an economy. E) None of the above

Soru 13:

What was the most commonly used money in the ages before Christ?

A) Dog B) Rabbit C) Cow D) Sheep E) Pig

Soru 14:

What is the name of situation in which prices increase while production decreases?

A) Cost-push inflation B) Stagflation C) Money supply D) Demand-pull inflation E) Recession

Soru 15:

What is the name of the principle expressed as “ bad money drives out good money ”?

A) Gresham’s Law B) Double Sided Efficiency C) Monetary Neutrality D) Their’s Law E) Monetary Transmission

Soru 16:

According to Classical Quantity Theory, which of the following is the result of the change in money supply (%Δ indicates percentage change)?

A) %ΔM = %ΔP B) %ΔM = (%ΔY)/(%ΔP) C) %ΔM = (%ΔP)/(%ΔY) D) %ΔM = 1/(%ΔP) E) %ΔM = %ΔP x %ΔY

Soru 17:

‘The cost changes that cause the displacement of the aggregate supply curve are called ……………’ Fill the blank with one of the following options ?

A) Supply shock B) High investment cost C) Supply equation D) Supply shifts E) Supply investments

Soru 18:

‘Country’s ……………………….. exceed its production possibilities with international trade leading to a higher consumption satisfaction to the consumer.’ Refill the blank with one of the following options?

A) Production limits B) The capacity of employees C) The number of the active firms D) Growth rate of the country E) Consumption possibilities

Soru 19:

Which of the following is an instrument of fiscal policy?

A) open market operations B) the trade restrictions C) reserve requirements D) devaluations E) taxes

Soru 20:

Which of the following shows in a chained way how a decreasing supply of money will affect equilibrium real GDP?

A) Ms↓→ i↑ → I↓ → AE↓ → Y↓ B) Ms↓→ i↑ → I↑ → AE↑ → Y↑ C) Ms↓→ i↓ → I↑ → AE↑ → Y↑ D) Ms↓→ i↓ → I↓ → AE↓ → Y↑ E) Ms↓→ i↓ → I↓ → AE↑ → Y↑