Multiple Choice
Equilibrium in the economy is settled by ---------, according to the Classicals.
A) centralized planning
B) price mechanism
C) both the planning and price mechanism
D) none of these
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Multiplier is obtained by:<br>A)1 - mpc<br>B)1/1- mps<br>C)1/1-
Q14: The proportion between total income and total
Q15: The proportion between incremental income and incremental
Q16: The central theme of Keynesian Theory is:<br>A)laissez-faire<br>B)free
Q17: Temporary unemployment is -------------, according to the
Q18: Marginal efficiency of investment curve is:<br>A)slopping downwards<br>B)slopping
Q19: The branch of Economics that deals with
Q21: The equilibrium price is determined by the
Q22: Pick the odd one out:<br>A)j.b. say<br>B)david ricardo<br>C)adam
Q23: 'The General Theory', was published in :<br>A)1776<br>B)1890<br>C)1936<br>D)1950