In classical theory of employment, there is the possibility of:

Related MCQs

• Which of the following is not an assumption of classical theory?
• In classical theory the equality between saving and investment is brought about by:
• The normal condition of a capitalist economy in classical theory is:
• Entrepreneurs will have no tendency to expand or contract output and employment when
• According to classical economists, variations in savings are due to:
• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• There are methods of measuring national income:
• Quantity Theory of Money explains that:
• It is assumption of quantity theory of money:
• If we put this letter in the blank space, we get quantity theory of money PY = M