The following is true of the Classical School in Macroeconomics:
Tap an option to check your answer.
UoH 2010 Question 31: Classical macroeconomics
Answer and worked solution
Checking your account…
Classical macroeconomics has come up 35 times in 7 exams since 2008.
What this question tests
This question is on Say's law and loanable funds, part of Classical macroeconomics in Macroeconomics.
The classical claim that supply creates its own demand and that the interest rate balances saving and investment.
TestStop has 9 past-paper questions on this subtopic; the nearest in year are below.
Similar questions from other papers
- Match the LIST-I with LIST-II. List I A. Classical Model B. Effective Demand C. Say's law D. Keynesian Model. List II I. Supply creates its own demand II. Level of…
- In Classical Employment Theory, the increase in money supply will: A. Increase in National Output B. Increase in Price Level C. Decrease in Wage Rate D. Improvement in…
- In the context of classical economics, an increase in money supply causes:
- Which of the following factor(s) do NOT affect output and employment in the classical macroeconomic model?
- The sequence of wage-price flexibility approach of Pigou is: (A) Wages and prices decline (B) Real value of assets increases (C) Cost decline and price decline result…
Question from the UoH 2010 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.