Question 2
Question 2 of 30
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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

1. Basic economic ideas a...
1.2. Economic methodology

positive and normative statements (the distinction between facts and value judgements)

7. The price system and t...
7.4. Private costs and benefits, ex...

deadweight welfare losses arising from positive and negative externalities