Entrepreneurs will have no tendency to expand or contract output and employment when

Related MCQs

• In classical theory of employment, there isthe possibility of:
• The idea that a general cut in wages will finally lead to a state of full employment was suggested by :
• In classical system which of the following keeps the economy at full employment:
• Employment equilibrium in the Classical theory is achievedthrough:
• In which of the following situations will an increase in the money supply have no effect upon output?
• When output exceeds spending:
• When investment is negatively related to the rate of interest, equilibrium output in the goods market:
• Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:
• In MV=PT, if M doubles and V and T remain constant, then P will:
• I classical demand for money, the relationship between money supply and price level is: