Section 4

11. Provide a correct statement regarding the tradeoff between 'inflation' and

'unemployment':

12. I need an argument on What does a shortrun 'Phillips curve' show?

13. What does a longrun 'Phillips curve' show?

14. One among the following is 'a measure of the degree of seller concentration in a market that

takes into account the total number of firms in the market and their relative size

distribution'.

15. Two firms are competing against each other in a mature market with no expansion in the

market size - one increasing its sales at the cost of the other's sale. This situation can be best

described as

16. 'A line that traces the relationship between the rates of return on bonds of different

maturities' is called

17. 'Williamson tradeoff Model' is related to what of companies?

18. What is 'winner's curse'?

19. A method of accounting, which considers revenues and expenses as they accrue, even

though cash would not have been received or paid during the period of accrual :

20. Consider the following statements and select the correct code:

1. 'Confidence', considered as one of the essential ingredients of economic prosperity is called

'animal spirit'.

2. Animal spirit is a 'naive optimism'.

CODE:

(a) Only 1

(b) Only 2

(c) Both 1 and 2

(d) Neither 1 nor 2