Question 1

The classical economists focussed on the role of money as

Accepted Answer

A) medium of exchange 
B) medium of distribution 
C) wealth 
D) link between present and future 
A) medium of exchange 
B) medium of distribution 
C) wealth 
D) link between present and future

Question 2

According to Says law of market what is the main cause of overproduction?

Accepted Answer

A) unemployment 
B) fall in demand 
C) rise in price 
D) fall in wage rate 
A) unemployment 
B) fall in demand 
C) rise in price 
D) fall in wage rate

Question 3

According to New Classical Economist, Business cycle is due to

Accepted Answer

A) anticipated policy change 
B) unanticipated policy change 
C) both a and b 
D) none of these 
A) anticipated policy change 
B) unanticipated policy change 
C) both a and b 
D) none of these

Question 4

Reagonomics is related to

Accepted Answer

A) supply side economics' 
B) new classical economics 
C) new keynesian economics 
D) natural unemployment hypothesis 
A) supply side economics' 
B) new classical economics 
C) new keynesian economics 
D) natural unemployment hypothesis

Question 5

According to Hawtrey, the business cycle is caused by

Accepted Answer

A) variation in the interest of banking system 
B) variation in the price level of the economy 
C) variation in the money supply by bank 
D) all the above 
A) variation in the interest of banking system 
B) variation in the price level of the economy 
C) variation in the money supply by bank 
D) all the above

The classical economists focussed on the role of money as

According to Says law of market what is the main cause of overproduction?

According to New Classical Economist, Business cycle is due to

Reagonomics is related to

According to Hawtrey, the business cycle is caused by

Macroeconomic Theory and Concepts

Economic Models,Concepts and Theories: Part B

Keynesian Analysis, Monetary Approach, and Classical Model

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Exam 2: Economic Models,Concepts and Theories: Part A

The classical economists focussed on the role of money as

According to Says law of market what is the main cause of overproduction?

According to New Classical Economist, Business cycle is due to

Reagonomics is related to

According to Hawtrey, the business cycle is caused by

Macroeconomic Theory and Concepts

Economic Models,Concepts and Theories: Part B

Keynesian Analysis, Monetary Approach, and Classical Model

Filters