Exam 1: Macroeconomic Theory and Concepts

Which among the followings is not the feature of monetarism?

The dual decision hypothesis was given by

The Neo Keynesian quantity constrained model is associated with the work of

The idea of Adaptive expectation is associated with

Which one the following economists is the chief advocate of supply side economics

The concept of Rational expectation is associated with

Assertion (A): Long-run Philips curve is a vertical line at the NAIRU Reason (R): Non-accelerating inflation raise of unemployment, more or less, stands accepted

The Laffer curve is associated with

The quantity theory of money first propounded in 1588 by an Italian Economist

New Classical Economics is based on

According to Keynes Investment is a function of

The doctrine of Policy ineffectiveness postulate is associated with

"Interest is poorly a monetary phenomenon "is a very famous statement made by

According to Keynes, there is

The book Elements of Pure Economics was authored by

The concepts of inside money and outside money is given by

Advocates of New classical Economics are

Supply side Economics was emerged against the background of

New classical Economics is consistent with

The idea of rational expectation first given by