Ayushi posted an Question
August 26, 2020 • 19:32 pm 30 points
  • UGC NET
  • Economics

Which of the following characteristics of classical economists is absent in neo classical economist ? a) no government interference b) no money illusion c) per

which of tg3 following characteristics of classical economists is absent in neo classical economist ? a) no government interference b) no money illusion c) perfect competition d) supply determine demand

1 Answer(s) Answer Now
  • 0 Likes
  • 2 Comments
  • 0 Shares
  • Payel banerjee

    option d is correct. because only the classical economists believed that the economy operate under the Say's law of market i.e supply creats its own demand

  • comment-profile-img>
    Nidhi taparia Best Answer

    The most significant difference between classicals and neo-classicals was that the former believed supply creates its own demand and the latter does not

whatsapp-btn

Do You Want Better RANK in Your Exam?

Start Your Preparations with Eduncle’s FREE Study Material

  • Updated Syllabus, Paper Pattern & Full Exam Details
  • Sample Theory of Most Important Topic
  • Model Test Paper with Detailed Solutions
  • Last 5 Years Question Papers & Answers