Multiple Choice
The marginal productivity of labour:
A) Increases when the price of the good sold increases, ceteris paribus
B) Decreases when there is an adverse supply shock, ceteris paribus
C) Increase when more workers are hired, ceteris paribus
D) Decreases when there is an increase in the quantity of capital, ceteris paribus
Correct Answer:
Verified
Correct Answer:
Verified
Q1: IS-LM model was developed by:<br>A)Keynes<br>B)Walras<br>C)J.R.Hicks<br>D)Don-Patinkin
Q2: The quantity theory of money was restated
Q3: The natural rate of unemployment equals the
Q4: When saving is greater than investment in
Q6: Which policy is effective in the intermediate
Q7: In classical theory which of the following
Q8: The law which states that supply creates
Q9: The IS curve has a ------slope<br>A)Positive<br>B)Negative<br>C)Zero<br>D)None of
Q10: Frictional unemployment exists:<br>A)When there is a decrease
Q11: In MV=PT, if M doubles and V