Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?

Related Mcqs:

The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

A. the fallacy of composition B. negative entropy. C. hysteresis. D. ceteris paribus...

If the demand for money depends on the interest rate the velocity of circulation is ?

A. not constant and the quantity theory of money does hold. B. constant and the quantity theory of money does hold. C. not constant and the quantity theory of money does not hold. D. constant and the quantity theory of money does not hold....

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 ?

A. monetarists. B. keynesians C. post-keynesians D. new classical school...

The economists who emphasised wage flexibility as a solution for unemployment were ?

A. new-Keynesian. B. post-Keynesian. C. classical economists. D. Keynesian....

According to classical models, the level of employment is determined primarily by ?

A. the level of aggregate demand for goods and services. B. prices and wages C. interest rates D. the quantity of money...