Wages and prices do not adjust quickly to restore general equilibrium is a property of

Related MCQs

• The idea that a general cut in wages will finally lead to a state of full employment was suggested by :
• Who invented the General Equilibrium analysis?
• The method consistsin deriving conclusionsfrom general truths, takesfew general principles and applies them draw conclusions.
• Simultaneous equilibrium in the money (LM) and goods (IS) market exists:
• LM curve shows the equilibrium condition in ---------- market
• The equilibrium in the product market is represented by which curve?
• When investment is negatively related to the rate of interest, equilibrium output in the goods market:
• Employment equilibrium in the Classical theory is achievedthrough:
• Why do not the sale or purchase of used goods are not included in the GDP?
• In Fisher’s transaction velocity model, one of the following is not an assumption: