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.
Change the question mark with the option that follows the applied logic in the first pair.
Man: Woman :: Boys: ??
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
EJ68 is related to OT55 in a certain way. In the same way, KP47 is related to UZ34. To which of the following is QV29 related, following the same logic?...
A is the son-in-law of B, whose son is D. D is the brother of C, whose only daughter is E. How is C related to A?
A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.
QRST, UVWX, YZAB, CDEF,?
A, B, C, D, E and F live on six different floors of the same building. The lowermost floor in the building is numbered 1, the floor above it, number 2 a...
What should come in place of '?' in the given series?
11 32 74 158 326 ?
If the following words are arranged alphabetically as per the order in the dictionary, which word will be the last word?
1. Guarantee
2. G...
In a certain code language, ‘BAKE’ is coded as ‘2496’ and ‘CAKE’ is coded as ‘4369’. How is ‘B’ coded in that language?
...Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
