Macro Economics MCQ (GK Set-1) with Answers

shifts downwards if workers’ preference for leisure increases

shifts to the left if there is technological progress in production.

shifts to the right if there is technological progress in production.

is not affected by technological progress in production

employment will increase and involuntary unemployment will decrease

both employment and involuntary unemployment will decrease

employment will decrease with no change in involuntary unemployment

employment will decrease and involuntary unemployment will increase

exactly 1%

approximately 5%

approximately 9%

exactly 10%

A: BC/OC B: OT

A: OB/OT B: DT

A: XD B: DT

A: OB/OT B: OT

A: DF B: DF

A: DE B: EF

A: EF B: DE

A: DF B: zero