one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A. Quickly
B. Slowly
C. Very infrequently
D. Instantly

Those who hold the classical view of the labor market are likely to believe that ?

A. Neither monetary nor fiscal policy will have an effect on output and employment
B. Monetary but not fiscal policy will have an effect on output and employment
C. Fiscal, but not monetary policy will have an effect on output and employment
D. Both monetary and fiscal policy will have an effect on output and employment

The natural rate of unemployment is generally thought to be the sum of ?

A. Frictional unemployment and seasonal unemployment
B. Frictional unemployment and cyclical unemployment
C. Frictional unemployment and structural unemployment
D. Cyclical unemployment and structural unemployment

The measured unemployment rate can be pushed below the natural rate, but ?

A. Only in the short run, and not without inflation
B. Only in the long run and not without inflation
C. Only is the short run and only if the price level is constant
D. Only in the long run and only if the price level is constant

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A. New classical economists
B. Keynesian.
C. Marxists
D. Monetarists

The Phillips curve is a graph showing the relationship between ?

A. The price level and the unemployment rate
B. The inflation rate and the unemployment rate
C. The level of aggregate output and the price level
D. The inflation rate and the level of aggregate demand

Kharif crop includes ?

A. Rice & sugarcane
B. Cotton and maize
C. Bajra and jawar
D. All of them

Total land area of Khyber Pakhtunkhwa comprises of 10.2 mha (25.20 million acres), out of which nearly ________ are cultivated?

A. 10% or 1.93 mha
B. 20% or 3.93 mha
C. 29% or 5.93 mha
D. 35% or 7.93 mha

Nearly _______ of land is cultivated through tube-wells ponds and rain water?

A. 25%
B. 55%
C. 15%
D. 35%

Cash crops cover nearly _______ of the cropped areas?

A. 25%
B. 55%
C. 15%
D. 35%