The 'natural rate of unemployment' in monetarist economics is: MCQ with Answer and Explanation

Question

Share Report Error

The 'natural rate of unemployment' in monetarist economics is:

A. the unemployment rate consistent with stable inflation

B. the maximum unemployment

C. only cyclical unemployment

D. zero unemployment

Answer: Option A

Solution (By JKSSB Mock Tests)

The natural rate of unemployment is the rate consistent with stable inflation, including frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Foreign Trade Policy in India is announced by the:

A. RBI

B. Ministry of External Affairs

C. Ministry of Commerce and Industry

D. Ministry of Finance

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Foreign Trade Policy is formulated by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Reserve Bank of India' was nationalized on:

A. 26 January 1950

B. 1 January 1949

C. 1 January 1947

D. 15 August 1947

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The RBI was nationalized on 1 January 1949.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Essential Commodities Act' was amended in 2020 to deregulate which commodities?

A. Medicines

B. Cereals, pulses, oilseeds, edible oils and onion

C. Petroleum products

D. Fertilizers

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Essential Commodities (Amendment) Act 2020 deregulated cereals, pulses, oilseeds, edible oils and onion.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs