5. Demand for labour will increase due to increase in prices, as a result profit ofthe firm will:
(a) decrease(b) remain same(c) increase (d) none of these
4. When real wages remain same, the employment will:
(a) rise (b) fall(c)remain same(d) become zero
4. When real wages remain same, the employment will: Read More »
3. The classical supply curve is:
(a) horizontal(b) vertical(c) positive (d) negative
3. The classical supply curve is: Read More »
2. In classical system, when wages increase equal to increase in prices, realwages:
(a) rise (b) fall(c) become zero (d) remain same
2. In classical system, when wages increase equal to increase in prices, realwages: Read More »
1. When monetary wages increase in classical aggregate supply system, prices will:
(a) Rise(b) fall(c) become zero(d) remain same
1. When monetary wages increase in classical aggregate supply system, prices will: Read More »