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.
World’s first intranasal COVID 19 vaccine is being developed by which firm?
Recently which of the following limited company announced to invest $1 billion in next five years to make its mining operations environment-friendly?
Who has been appointed as the new Executive Director of PNB?
The first India Stack Developer Conference held in ____?
Consider the following statement about new regulatory structure for urban co- cooperative banks:
I. RBI has stipulated a minimum net worth of ₹...
What significant feature has SEBI proposed for mutual fund investments by REITs to manage cash flows more effectively?
Recently Union Minister for Finance and Corporate Affairs Nirmala Sitharaman dedicated to the nation, “Dharohar” - the National Museum of Cu...
Which of the following Indian women is not listed in the Forbes 100 Most Powerful Women 2021 list?
Who laid the foundation stone for the construction of the world's highest fighter airfield in the Nyoma region of Ladakh?
What does Bali Jatra, the open-air trade fair in Odisha, commemorate?