Start learning 50% faster. Sign in now
The classical theory of employment and output is a long run theory. It is based on two basic notions, viz. Say’s law and wage price flexibility. The classical economist believed that given wage price flexibility, there are automatic forces in the economic system that tends to maintain full employment and produce output at that level. Thus, they rule out the need of fiscal policy for correction of economy.
Choose the option that provides the most appropriate and contextually fitting word for each blank.
The concert was so loud that it could be he...
Fill in the blanks with the most appropriate word from among the choices given below them.
She is wearing a woollen. ____
The couple decided to _______ and postpone their vacation after hearing about the family emergency.
Fill in the blanks with the most appropriate word from among the choices given below them.
It is a _____ on her part to do that.
The child can't write yet, but she loves to ____________ with a pencil.
If the hurricane comes near the city, the winds may _______ the flood walls and cause them to crumble.
Fill in the blanks using the correct tense of the verbs given in brackets.
Sam ______(daydream) when the teacher called him.
Fill in the blank with the most appropriate phrase.
Due to the network issue, the call suddenly got____.
_________ these disadvantages, he possessed great innate wisdom and a true generosity of spirit.
In light of the recent economic downturn, it is essential for the institution to _____ its strategies and _____ its operations to remain competitive.