An Economic model is a statement of relationship among economic ------
A) Variables
B) Phenomena
C) Development
D) None of these
Correct Answer:
Verified
Q3: Pigou's version of Cambridge equation is:
A)M =
Q4: The quantity theory of money was restated
Q5: The law which states that supply creates
Q6: Wages and prices do not adjust quickly
Q7: When there is an increase in the
Q9: LM curve shows the equilibrium condition in
Q10: The simplest ISLM model consists of:
A)Two markets
B)Three
Q11: The equilibrium in the product market is
Q12: The IS curve has a ------slope
A)Positive
B)Negative
C)Zero
D)None of
Q13: The LM curve has a ----- slope
A)Positive
B)Negative
C)Zero
D)None
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