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.
Out of the statements given below, one statement may be grammatically and contextually correct. Choose the correct statement as your answer. If all the...
The area was home in(A)/ some crazy book lovers and (B)/ intellectuals that added to its character. (C) / No error. (D)
My sister has been(A)/ interested in medicine (B)/ever since she was a child.(C)
Invariably, governments directed by (1)/the courts want to weigh (2)/the losses of IDPs financially (3)/and get away with compensate (4).
Read the given sentence to find out whether there are any grammatical/ contextual errors in them. The errors, if any, will be in two of the pa...
Indian farmers have been reeling under financial stress from immemorial time .
In Delhi, he (a)/ suddenly came across many (b)/ of his friends who had settled there. (c) / No Error (d)
Identify the segment in the sentence which contains the grammatical error. If there is no error, select 'No error'
We watched the workmen to r...
No sooner she had realized (a) / her blunder than she began (b) / to take corrective measures (c) / No error (d)Â
Col. Whiting called for (A)/my office to get (B)/the loan of (C)/an elementary work on conchology (D).
