Question 16
Question 16 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
5. Government macroeconom...
5.2. Fiscal policy

AD/AS analysis of the impact of expansionary and contractionary fiscal policy on the equilibrium level of national income and the level of real output, the price level and employment

8. Government microeconom...
8.3. Labour market forces and gover...

transfer earnings and economic rent: definition of transfer earnings, definition of economic rent, factors affecting transfer earnings and economic rent in an occupation