Macroeconomics

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Direct taxes are

• More inflationary
• Less inflationary
• Equally inflationary
• None of the options

The crowding out effect means

• Private Consumption goes down
• Private Investment goes down
• Government expenditure goes down
• None of the options

The following is not a part of an Expansionary Monetary Policy

• Cutting CRR
• Cutting Repo Rates
• Selling Bonds in OMO
• None of the options

Upward spiral of prices implies

• AD shifting to the right
• AS shifting to the left
• Both of the options
• None of the options

Disinfltaion implies

• Goods and services are becoming cheaper
• Goods and services are becoming expensive at a slower rate
• Any of the options
• None of the options

The short run Phillips curve is

• Upward sloping
• Downward sloping
• Parallel to the Y axis
• None of the options

During Demand Pull Inflation the output

• Expands
• Contracts
• Any of the options
• All of the options

Cost push inflation is due to

• AD shifting to the right
• AS shifting to the left
• Both of the options
• None of the options