Question
Which of the following statement is/are true regarding
classical theory of income and employment? 1. Classical economist believe that the economy needs fiscal policy 2. It describes economic growth in short run 3. According to this model, the wages are stickySolution
The classical theory of employment and output is a long run theory. It is based on two basic notions, viz. Say’s law and wage price flexibility. The classical economist believed that given wage price flexibility, there are automatic forces in the economic system that tends to maintain full employment and produce output at that level. Thus, they rule out the need of fiscal policy for correction of economy.
Select the most appropriate meaning of the Given idiom.
Word of mouth
Select the most appropriate meaning of the given Idiom.
BECK AND CALL
In each question below, a sentence is given with an idiom/phrase printed in bold type. That part may contain a grammatical error. Each sentence is follo...
Select the most appropriate meaning of the given idiom.
To bear the palm
Select the most appropriate meaning of the given idiom.
The whole nine yards
Choose the correct replacement for the bold phrase.
When the police arrived, the burglars ran over the back wall to escape.
...When it comes to solving this problem, we need to think outside the box to find a creative solution.
- Which of the following idioms means ‘to initiate action, especially when others are reluctant or waiting’?
Fill in the blank with an appropriate idiom.
Despite his initial hesitation, John decided to __________ and invest all his savings in the start...
- Think on your ______
