Multiple Choice
Employment equilibrium in the Classical theory is achieved through:
A) Wage-Price flexibility.
B) Changes in aggregate demand
C) Changes in aggregate supply
D) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Income is a ------- variable<br>A)Flow<br>B)Discontinuous<br>C)Stock<br>D)None of the
Q6: Market does not clear is a proposition
Q7: Ratio of consumption expenditure to any particular
Q8: When investment is negatively related to the
Q9: When MPS = 0.2, MPC will be<br>A)0.8<br>B)0.2<br>C)1.2<br>D)20
Q10: Changes in the subjective or objective factors<br>A)Never
Q11: Policy Neutrality is the main proposition of:<br>A)Supply
Q12: Who invented the General Equilibrium analysis?<br>A)L. Walras.<br>B)W.
Q13: In which of the following situations will
Q15: The interest rate paid on bonds is