Classical aggregate supply curve is:
A) perfectly elastic
B) perfectly inelastic
C) more elastic
D) unitary elastic
Correct Answer:
Verified
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
Q16: According to the Classical economists, general over
Q17: According to the Classical economists, savings and
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
Q22: Under the classical system, the equilibrium will
Q23: When savings exceeds the demand for savings,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents