Multiple Choice
Wages and prices do not adjust quickly to restore general equilibrium is a property of
A) Classical economics
B) Keynesian economics
C) Monetary economics
D) Supply side economics
Correct Answer:
Verified
Correct Answer:
Verified
Q12: An Economic model is a statement of
Q13: Pigou's version of Cambridge equation is:<br>A)M =
Q14: The equilibrium in the product market is
Q15: Which policy is effective in the Classical
Q16: The LM curve has a ----- slope<br>A)Positive<br>B)Negative<br>C)Zero<br>D)None
Q17: ISLM model was developed by:<br>A)Hicks<br>B)Keynes<br>C)Friedman<br>D)None of these
Q18: When there is an increase in the
Q19: LM curve shows the equilibrium condition in
Q21: The simplest ISLM model consists of:<br>A)Two markets<br>B)Three
Q22: The perfectly elastic segment of the LM