Employment equilibrium in the Classical theory is achievedthrough:
A) wage-price flexibility.
B) changes in aggregate demand
C) changes in aggregate supply
D) none of these.
Correct Answer:
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Q2: Market does not clear is a proposition
Q3: The interest rate paid on bonds is
Q4: The monetary policy is completely ineffective when
Q5: Monetarism is associated with:
A)keynesian school
B)chicago school
C)cambridge school.
D)neo-classical
Q6: Changes in the subjective or objective factors
A)never
Q7: In a closed economy, the value of
Q8: Income is a ------- variable
A)flow
B)discontinuous
C)stock
D)none of the
Q9: Ratio of consumption expenditure to any particular
Q10: When MPS = 0.2, MPC will be
A)0.8
B)0.2
C)1.2
D)20
Q11: According to Keynes, rising aggregate income is
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