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

Related MCQs

• At prices above the equilibrium price:
• 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 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:
• Which one of the following elasticities takes the average of prices and quantities:
• Simultaneous equilibrium in the money (LM) and goods (IS) market exists:
• As per indifference curve analysis consumer equilibrium is attained when
• A consumer reaches equilibrium when
• Cardinal utility analysis to consumer equilibrium was developed by