The classical economists believed that the demand for labour is a function of:

Related MCQs

• According to classical economists, variations in savings are due to:
• I classical demand for money, the relationship between money supply and price level is:
• Of the following economists who is considered as master of partial analysis?
• The aggregate production function implied under classical theory is :
• “Effective demand is different from aggregate demand”. This statement is:
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• 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:
• In classical theory of employment, there is the possibility of: