Economics (M.Phil./Ph.D.) 2014 Panjab University Entrance Exam With Answers

Practice Mode:
7.

In the Classical Model of employment, an increase in Money supply, under ceteris paribus conditions, will :

A: increase the volume of employment only
B: raise the price level only
C: raise both price level and volume of employment
D: decrease the volume of employment

The answer is: B