Question
Which of the following is NOT a postulate of the
Classical Model of full-employment equilibrium?Solution
While this is true in general economics, it is not a specific postulate of the Classical Model of full-employment equilibrium. The Classical Model focuses more on the flexibility of wages and prices, perfect information, and the role of money rather than the explicit dependency of consumption and saving on income.
More Research Questions
- What will come in place of the question mark (?) in the following series?
5, 15, 35, 75, 155, ? [(145)² ÷ 25 × 52] ÷ ? = 29 × 13
What will come in place of the question mark (?) in the following series?
5, 14, 41, 122, 365, 1094, ?
115% of 800 - 4/5 of 320 + 82% of 700 = ? – 102% of 500
1 12 31 58 93 ?
5, 5, 15, 75, ?, 4725
What will come in the place of questions (?) mark in the following questions.
160, 223, 271, 306, 330, ?
64, 66, 69, 74, 81, ?
6, 7, 16, 51, 208, ?
98, 134, 198, ?, 442, 638
