Multiple Choice
Under perfect competition firm hire labour until-
A) money wage rate > general price level
B) money wage rate < general price level
C) money wage rate = general price level
D) both a and c
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: According to Classical what bring full employment
Q2: The equation of exchange is<br>A)m*p=v*y<br>B)m+v=p+y<br>C)m+y=v+p<br>D)m*v=p*t
Q3: Identify the correct chronological order of the
Q5: Classical dichotomy is based on -<br>A)neutrality of
Q6: Which of the following statements does not
Q7: According to Keynesian analysis, the great depression
Q8: Which of the following is not specifically
Q9: The classical economists focused on the role
Q10: What is the effect of monetary policy
Q11: Real balance effect is equal to -<br>A)pigou