HSC Commerce Class 12 - Tamil Nadu Board of Secondary Education Question Bank Solutions

The core of the classical theory of employment is______.

______ Flexibility brings equality between saving and investment.

Classical theory advocates______.

Say’s law stressed the operation of  ______in the economy.

List out the assumptions of Say’s law.

According to the classical theory of employment, how to wage reduction solve the problem of unemployment diagramatically explain.

Write short note on the implications of Say’s law.

Critically explain Say’s law of market.

The multiplier tells us how much _______changes after a shift in _____.

The multiplier is calculated as______.

It the MPC is 0.5, the multiplier is _________.

In an open economy import _________ the value of the multiplier.

The term super multiplier was first used by ______.

Define multiplier.

Mention the differences between accelerator and multiplier effect.

State the concept of the super multiplier.

Specify the limitations of the multiplier.

Illustrate the working of the multiplier.

Irving Fisher’s Quantity Theory of Money was popularized in ______.

Fisher’s Quantity Theory of money is based on the essential function of money as a ______.