According to New Classical Economics Philips curve is
A) always vertical
B) always horizontal
C) always downward slopping
D) downward slopping in short run and vertical in the long run
Correct Answer:
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Q11: Which of the following economist is not
Q12: According to New Classical Economist, Business cycle
Q13: The shape of Laffer curve is
A)inverted u
Q14: The curve which explains relationship between tax
Q15: According to New classical Economics
A)anticipated policy change
Q17: Liquidity trap is a situation when,
A)all potential
Q18: The classical economists focussed on the role
Q19: According to Milton Friedman Theory of permanent
Q20: The classical model of economic development emphasises
A)laissez-faire
Q21: Assertion (A): According to Keynes, individuals hold
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