15. When taxes are decreased on the laboring class, SAS will shift:
(a) to right (b) to left(c) forward (d) backward
15. When taxes are decreased on the laboring class, SAS will shift: Read More »
14. If the productivity of labor falls less, as additional workers are employed, the short run-aggregate supply curve will be:
(a) steeper(b) flatter(c) less steeper (d) none of these
13. The aggregate supply curve shows the pairs of P and Y consistent with profit:
(a) maximization condition of the firm(b) minimization condition of the firm(c) both(a)and(d) none of these
13. The aggregate supply curve shows the pairs of P and Y consistent with profit: Read More »
12. Because of sticky wages downward, there is less than full employment ,when real wages:
(a) decrease(b) increase(c) remain same (d) none of these
37. In classical model, if the price of necessary raw material decreases, the demand for labor will:
(a) decrease(b) increase(c) remain same (d) none of these
10. When real wages increase , the employment in Keynesian system is determined by:
(a) demand for labour(b) supply of labour(c) efficiency of labour(d) none of these
10. When real wages increase , the employment in Keynesian system is determined by: Read More »
9. The Keynesian aggregate supply curve:
(a) falls downward(b) is vertical(c) rises upward (d) is horizontal
9. The Keynesian aggregate supply curve: Read More »
8. The wages are rigid downward because of:
(a) minimum wages laws(b) trade unions(c) money illusions(d) all of these
8. The wages are rigid downward because of: Read More »
7. When output and employment increase because of increase in demand for labors , the vertical ASC will:
(a) shift to left(b) shift to right(c) remain same(d) vanish
6. Due to new technology, production function:
(a) shifts upward (b) shifts downward(c) remains same (d) none of these
6. Due to new technology, production function: Read More »