Question : The study of how changes in taxes affect consumer spending is an example of:

Option 1: Behavioral economics

Option 2: Public finance

Option 3: International trade theory

Option 4: Game theory

Question : The study of inflation, economic growth, and fiscal policy falls under:

Option 1: Microeconomics

Option 2: Macroeconomics

Option 3: Behavioral economics

Option 4: Development economics

Question : Amartya Sen was awarded the Nobel Prize for his contribution to

Option 1: Monetary Economics

Option 2: Welfare Economics

Option 3: Econometrics

Option 4: Development Economics

Question : Statement 1: Changes in government spending affect aggregate demand.

Statement 2: Changes in the money supply affect aggregate supply.

Which statement is correct?

Option 1: Only Statement 1
 

Option 2: Only Statement 2
   

Option 3: Both Statement 1 and Statement 2

Option 4: Neither Statement 1 nor Statement 2

Question : Inflation is caused  by

Option 1: Increase in money supply and decrease in production

Option 2: increase in money supply

Option 3: increase in production

Option 4: decrease in prodution