When J.M Keynes present his new theory of income of employment?
A) 1920 B) 1925 C) 1930 D) 1940
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Classical macro economist proposition was that there is —————– economy which was collapsed in 1930s:
A) Perfect competition B) Laisses-fair C) Full employment D) All of these
According to classical macro economist there is always —————– employment level in economy:
A) Full B) Low C) Zero D) Normal
According to classical macro economist rate of interest is:
A) Variable B) Rigid C) Flexible D) Constant
Classical macro economics believe that prices are:
A) Rigid B) Variable C) Flexible D) All of these
Macro economics deals with what?
A) Individual Economy B) Market price C) Whole economy D) All …
In second model monopolist competition equilibrium is attained by:
A) Marginal cost B) Marginal revenue C) Price adjustment D) None of …
The demand curve shifts due to what?
A) Marginal Revenue B) Price adjustment C) Entry or exit of firm …
Abnormal profit ———— firms:
A) expends B) decreases C) Attracts new D) None of these
The individual demand curve of firm is also known as —————- in monopolist competition:
A) Actual sales curve B) Imaginative sales curve C) Planned …