Economics - 2017 E.C (2024/2025) Ethiopian University Entrance Exam (EUEE)

A Profit maximization of a corporation

B The growth of a firm in the economy

C Cost minimization of a specific company

D Inflation caused by different factors

A Studying about the performance of individual firm

B Studying about the behavior of the aggregate economy

C Analyzing about the actions of individual company

D Focusing on the specific price of products

A Income and consumption pattern of a given household

B The total amount of laborers hired by a given industry

C The amount of profit earned by a given firm

D The number of unemployed people in a given country

A gross domestic product and gross national product.

B private and public businesses and transfers.

C trade surplus and trade deficit.

D export and import earning from goods and services.

A Monetarist

B Classical

C Keynesian

D New Keynesian

A Fiscal policy is useful to influence output.

B Recession is a temporary phenomenon.

C Monetary policy can influence output.

D There is a need of cutting government spending.

A The new Classical

B Keynesian

C The classical

D The monetarist

A Keynesians argued that aggregate demand is always automatically high.

B Monetarists argued that fiscal policy addresses macroeconomic problems.

C Keynesians argued that monetary policy stimulates aggregate demand.

D Monetarist argued that monetary policy addresses macroeconomic problems.

A It is the total expenditure of households and government on goods and services in a given period.

B It is the total amount that households and firms willingly spend on the country's goods and services in a given period.

C It is total demand by households, firms and government on the goods and services in a given period.

D It is total spending by firms and government on the economy's goods and services in a given period.

A Expectation of a lower future income increases consumption.

B Decreases in wealth lead to increase in consumption.

C Increases in interest rate increases consumption.

D Increases in income taxes decreases consumption.