The method consistsin deriving conclusionsfrom general truths, takesfew general principles and applies them draw conclusions.

Related MCQs

• Inductive method which also called empirical method was adopted by the:
• Wages and prices do not adjust quickly to restore general equilibrium is a property of
• 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?
• Investment is reckoned by which method for computing GDP:
• 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:
• The law which states that supply creates its own demand and overproduction is impossible is known as:
• Simultaneous equilibrium in the money (LM) and goods (IS) market exists:
• Entrepreneurs will have no tendency to expand or contract output and employment when