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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

Those who hold the classical view of the labor market are likely to believe that ?

A neither monetary nor fiscal policy will have an effect on output and employment

B monetary but not fiscal policy will have an effect on output and employment

C Fiscal, but not monetary policy will have an effect on output and employment

D both monetary and fiscal policy will have an effect on output and employment

Review Detailed Answer

Correct Answer: neither monetary nor fiscal policy will have an effect on output and employment

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A quickly

B slowly

C very infrequently

D instantly

Review Detailed Answer

Correct Answer: quickly

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Those who hold the classical view of the labor market are likely to believe that ?

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?