MCQs: Surplus labor theories assume that ?
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MCQs: The Vicious circle theory states that ?
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MCQs: According to the supply side of the vicious circle theory of development a country is poor because ?
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MCQs: One criticism of Rostow’s theory of economic growth is that ?
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MCQs: The regarding the new classical macroeconomics is hoe realistic is the assumption ?
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MCQs: It is difficult to determine if the velocity of money is constant over time because ?
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MCQs: The quantity theory of money implies that a given percentage change in the money supply will cause ?
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MCQs: People are said to have rational expectations if they ?
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MCQs: The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?
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MCQs: The nation that the government can establish the macroeconomic is known as ?
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MCQs: According of Keynes, the level of employment is determined by ?
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MCQs: According to classical models, the level of employment is determined primarily by ?
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MCQs: The economists who emphasised wage flexibility as a solution for unemployment were ?
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MCQs: A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?
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MCQs: A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?
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MCQs: New classical theories were an attempt to explain ?
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MCQs: If the demand for money depends on the interest rate the velocity of circulation is ?
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MCQs: The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?
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MCQs: The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?
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MCQs: Rapid increase in the price level during periods of recession of high unemployment are known as ?
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