Exam 5: GDP, National Income, and Classical Economics

The term "Classical Economics" was first used by:

Pick the odd one out:

'Law of Market' is attributed to:

GDP deflator is given by:

According to the Classical economists, savings and investments are:

When savings exceeds the demand for savings, the rate of interest will:

Which of the following is true:

According to Classicals, full employment is a:

Who is the leader of the Classical school?

The Classicals adopted ---------policy:

Pick the odd one from the following:

Classical aggregate supply curve is:

According to the Classical economists, general over production is:

Which of the following doest not include in the group?

Value of output minus intermediate consumption is:

GNP measured in terms of current market prices is called:

"Supply creates its own demand" is called:

National income is a --------variable.

In India, the current base year is:

Rate of interest will increase when the demand for saving is: