In the classical model:

Assertion: The slope of the aggregate supply curve depends on the relation between the employment and productivity.
Reason: The capital stock is often fixed and hence the law of diminishing marginal returns takes place as more workers are employed.

Assertion: In developing countries like India, the nature of unemployment is different from that of developed countries.
Reason: In developed countries, the unemployment is purely temporary or cyclical or frictional.

Which of the following are true of disguised unemployment?
I. It represents potential savings.
II. The marginal productivity of labour is zero or extremely low.
III. It is due to the existence of joint family system.
IV. It is confined to the rural areas.

In the Keynesian two sector economy, AD<AS, then

In classical system which of the following keeps the economy at full employment

Which of the following is not an obstacle to full employment in classical theory?

What is considered as the starting point of Keynes theory of employment and income?

Find the unsuitable example for Seasonal unemployment

Assertion: The concept of full employment generally refers to full employment of labour force of a country
Reason: Every economy in the world aims at attaining the level of full employment equilibrium where all its available resources are fully and efficiently employed to achieve maximum level of output.

________________ started functioning from 1st July 1963.

______________ returns takes place as more workers are employed.

Say's law of market is the core of the __________ theory of employment.

Keynes theory of employment and income is the principle of _____________

A person receives his income from ______________

Rate of interest is a stock

Keynes theory emphasized on________ equilibrium

The basic concept used in Keynes Theory of Employment and Income is_____.

If every able bodied person who is willing to work at the prevailing wage rate is employed called _______.