Multiple Choice
Employment equilibrium in the Classical theory is achievedthrough:
A) wage-price flexibility.
B) changes in aggregate demand
C) changes in aggregate supply
D) none of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Who postulated the law Supply creates its
Q6: Ratio of consumption expenditure to any particular
Q7: Autonomous investment is<br>A)income inelastic<br>B)instable<br>C)interest elastic<br>D)incomeelastic
Q8: Changes in the subjective or objective factors<br>A)never
Q9: The interest rate paid on bonds is
Q10: In a closed economy, the value of
Q11: According to Keynes, rising aggregate income is
Q12: Monetarism is associated with:<br>A)keynesian school<br>B)chicago school<br>C)cambridge school.<br>D)neo-classical
Q13: MEC for a capital good was found
Q14: The monetary policy is completely ineffective when