Multiple Choice
Which of the following statements does not hold true in case of the Keynesian economics?
A) velocity of money is an unstable function of its determinant
B) labor is subject to money illusion
C) as function tends to become flat at levels of output well below full employment and to become steeper ad full capacity is reached
D) as schedule is vertical, and output, and employment are completely supply determined.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: According to Classical what bring full employment
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Q3: Identify the correct chronological order of the
Q4: Under perfect competition firm hire labour until-<br>A)money
Q5: Classical dichotomy is based on -<br>A)neutrality of
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