Question
According to classical economic theory, which of the
following mechanisms ensures that the economy naturally tends towards full employment?Solution
Classical economists believe that wages and prices are flexible and will adjust to clear markets. If there is unemployment, wages will fall, leading to increased demand for labor and eventually full employment. This is in contrast to Keynesian economics, which emphasizes the role of government intervention to achieve full employment.
If the Government refuses to introduce (A)/changes now, it will be (B)/demonstrating its contempt for (C)/democracy, public concern and animal welfare (...
The museum tells the story (1)/in India after Independence (2)/through the lives and contributions (3)/of its prime ministers (4).
Choose the correct.
Read the given sentence to find out whether there will be error in any of the two parts, mark the parts in which there will be error as answer from the...
- Read the sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. Mark the part with the ...
Each sentence is divided into parts (a), (b), (c), and (d). Identify the part that contains an error. If there is no error, choose (e).
If the ...
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate optio...
In the question below, a sentence is given, divided into five parts (A) , (B) , (C) , (D) and (E) . One of the parts is grammatically incorrect or has ...
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
