Wage cut as a solution of unemployment in classical theory is suggested by:

Related MCQs

• The idea that a general cut in wages will finally lead to a state of full employment was suggested by :
• 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:
• The aggregate production function implied under classical theory is :
• In the classical theory, one of the following is an important assumption:
• As per classical theory saving is:
• In classical theory which of the following is found in the economy:
• Employment equilibrium in the Classical theory is achieved through: