Multiple Choice
In Classical system how to correct an overproduction or glut in the market?
A) by increasing price o f input
B) by wage cut policy
C) by price cut policy
D) by decreasing production
Correct Answer:
Verified
Correct Answer:
Verified
Q2: According to Milton Friedman Theory of permanent
Q3: The shape of Laffer curve is<br>A)inverted u
Q4: Liquidity trap is a situation when,<br>A)all potential
Q5: According to New classical Economics<br>A)anticipated policy change
Q6: According to New Classical Economics Philips curve
Q8: The efficiency wage model is associated with<br>A)new
Q9: The curve which explains relationship between tax
Q10: The New Classical economics was developed against
Q11: The Menu cost model is associated with<br>A)new
Q12: Inflation can be contained by<br>A)surplus budget<br>B)increase in