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.
Which gas is considered as the most abundant greenhouse gas in the atmosphere?
Match List I with List II
Choose the correct answer ...
When to irrigate wheat after sowing if only one irrigation water is available:
Parboiling of rice is a:
Which crop involves the practice of nipping, which entails the removal of the apical bud of young plants, typically done when the plants are 2 to 4 week...
Excess copper induces deficiency of which mineral in plants ?
In tile drainage, when the tiles arranged from one side only it is known as
The bulk density of sandy soil is about 1.6 g/cc. what is the approximate value of bulk density for organic matter
The Species that invade a bare area are called
In the Grass Family, Cotyledons are called?
