CUET PG Economics Previous Paper (2022 Shift-1)

Always

Never

Sometimes

In short run

that level of savings which is the maximum possible achievable in an economy

that level of savings rate where the consumption is maximised at the steady state

that level of savings rate where the consumption is minimised at the steady state

any level of savings rate

MR equals MC

MR equals AC

MR exceeds MC by the greater amount

MR equals MC and MC is rising

Negatively related to the price level because a decline in the price level has a negative effect on the demand for output

Negatively related to the price level because a decline in the price level has a positive effect on the demand for output.

Positively related to the price level because a decline in the price level has a negative effect on the detailed for output.

Positively related to the price level because a decline in the price level has a positive effect on the demand for output.

Positively related to output and the rate of interest.

Inversely related to output and the rate of interest.

Inversely related to output and Positively related to the rate of interest.

Positively related to output and inversely related to the rate of interest.

The real rate of interest

The nominal rate of interest

The real rate of interest plus the rate of depreciation

The nominal rate of interest plus the rate of depreciation

Constant

Increasing

Decreasing

First increasing and then decreasing

Frictionally and Structurally unemployed

Frictionally and cyclically cyclically

Structurally and cyclically cyclically

Frictionally, structurally and cyclically unemployed

A variable is endogenous when its value is determined by the forces outside the model.

A change in an exogenous variable is classified as an autonomous change.

A variable is exogenous when its value is determined by the forces within the
model.

A variable is autonomous when its value is determined by the forces, within the model.

Nominal wages are equal to expected wages.

Real wages are back at long-run equilibrium level.

Nominal averages are growing faster than inflation.

Inflation is higher than the growth of nominal wages.