According to the Classical economists, general over production is:
A) possible
B) impossible
C) both
D) none
Correct Answer:
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Q11: Who is the leader of the Classical
Q12: The core of classical economists is:
A)effective demand
B)employment
C)say's
Q13: 'Law of Market' is attributed to:
A)j.s. mill
B)j.b.
Q14: The Classicals adopted ---------policy:
A)governmental policy
B)laissez-faire
C)policy of restriction
D)none
Q15: According to Classicals, full employment is a:
A)rare
Q17: According to the Classical economists, savings and
Q18: Classical aggregate supply curve is:
A)perfectly elastic
B)perfectly inelastic
C)more
Q19: Pick the odd one from the following:
A)law
Q20: According to the Classicals, investment is a
Q21: "Supply creates its own demand" is called:
A)law
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