Monetary policy
Fiscal policy
Credit ceiling
Open market operation
Correct answer is C
Credit ceiling is one of the tools or instrument of monetary policy used by central bank to control credit in an economy.
Stagflation
Inflationary spiral
Slump inflation
Inflationary gap
Correct answer is C
An economic which idleness and under utilization of resources such as capital and labour is known as Slump Inflation.
The money market equilibrium is defined as________
When the demand and supply of money are equal
When demand is greater than supply of money
When demand is less than supply of money
When supply is greater than demand for money
Correct answer is A
The money market is in equilibrium when the demand & supply of money are equal i.e L = μ
where L = money demand, μ = money supply
Thus μ = LT(γ) + Ls(r)
Deductive reasoning
Inductive reasoning
Normative reasoning
Positive reasoning
Correct answer is A
The deductive reasoning method involves following one or more factual statements that have been established to arrive at a conclusion. Deductive reasoning aims at testing an existing theory.
From the question above, there are existing data from which logical conclusions will be drawn and this makes it deductive reasoning.
While inductive reasoning aims at developing a theory, deductive reasoning aims at testing an existing theory.
The arithmetic mean of 5, 8, 10, 15, 24 and 28 is_______
145
15
90
6
Correct answer is B
| Arithmetic | Mean | = | ∑X
N |
, |
where N = Number of observation and X is observations