Temporary unemployment is -------------, according to the Classical economists:
A) impossible
B) permanent
C) possible
D) none of these
Correct Answer:
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Q1: In the Classical system, the role of
Q2: Equilibrium in the economy is settled by
Q3: Self interest, competition, profit motive are the
Q4: The equilibrium price is determined by the
Q6: J.B. Say was a ---------------Economist.
A)swedish
B)german
C)french
D)american
Q7: Pick the odd one out:
A)j.b. say
B)david ricardo
C)adam
Q8: 'The General Theory', was published in :
A)1776
B)1890
C)1936
D)1950
Q9: The branch of Economics that deals with
Q10: The central theme of Keynesian Theory is:
A)laissez-faire
B)free
Q11: Who repudiated Say's law of market?
A)j.b. say
B)david
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