Which was the major issue of 1930s?
A) Lack of firms B) Output C) Unemployment D) All of these
LM shows the general equilibrium of what?
A) Goods Market B) Price Market C) Money Market D) All …
IS shows the general equilibrium of:
A) Money Market B) Price Market C) Goods Market …
John Hicks presented the concept of what?
A) AD & LM B) LM & AS C) IS & LM D) All …
Which of the following introduced the concept of interest rate in determination of national income?
A) Alfred Marshal B) J. M. Keynes C) John Hicks D) John Milton
In 1930s during great depression J.M Keynes presented his theory of what?
A) Interest and income B) Income and cost C) Income and employment D) …
When J.M Keynes present his new theory of income of employment?
A) 1920 B) 1925 C) 1930 D) 1940
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