(A) the household and government sectors.
(B) the household sector.
(C) all sectors except the rest of the world.
(D) all sectors including the rest of the world.
To get the economy out of a slump, Keynes believed that the government should?
(A) increase both taxes and government spending.
(B) increase taxes and/or decrease government spending.
(C) cut both taxes and government spending.
(D) decrease taxes and/or increase government spending.
According to the Classical model, unemployment?
(A) could not persist because wages would fall to eliminate the excess
supply of labour.
(B) could persist for long periods of time because wages are not flexible.
(C) could be eliminated only through government intervention.
(D) could never exist.
According to Keynes, the level of employment is determined by?
(A) interest rates.
(B) the level of prices.
(C) the level of aggregate supply in the economy
(D) the level of aggregate demand for goods and services.
According to Classical models, the level of employment is determined primarily by?
(A) interest rates.
(B) the level of prices.
(C) the level of aggregate supply in the economy
(D) the level of aggregate demand for goods and services.
The practice of using fiscal and monetary policy to stabilise the economy is known as?
(A) fine tuning of demand
(B) monetarism
(C) laissez faire economics
(D) supply side economics
Which province impose ban on the use of plastic bags from January 1, 2023?
(A) Gilgit Baltistan
(B) Punjab
(C) Sindh
(D) Khyber Pakhtunkhwa
Luiz Inacio Lula da Silva took office for a third term as President of?
(A) Croatia
(B) Brazil
(C) Netherland
(D) Maldives