The idea that a general cut in wages will finally lead to a state of full employment was suggested by :

Related MCQs

• Wage cut as a solution of unemployment in classical theory is suggested by:
• In classical system which of the following keeps the economy at full employment:
• Wages and prices do not adjust quickly to restore general equilibrium is a property of
• The ________ method consists in deriving conclusions from general truths, takes few general principles and applies them draw conclusions.
• The phenomenon of increase in money wages that leads to increases in unemployment is shown by:
• In classical theory of employment, there is the possibility of:
• Employment equilibrium in the Classical theory is achieved through:
• Entrepreneurs will have no tendency to expand or contract output and employment when
• By representing amounts of proceeds by all entrepreneurs along the Y axis and volumes of employment along the X-axis, we can draw--------curves.
• In Classical theory of employment, there is the possibility of: