Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 11

clipped from www.bized.co.uk
Macroeconomic theory which emphasised the theories of Keynes and de-emphasised the Classical theory developed as the result of the failure of


(Select one answer)






(a) * economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s.

(b) * fine tuning during the 1960s.

(c) * the Classical model to explain the prolonged existence of high unemployment during the Great Depression.

(d) * the economy to grow at a rapid rate during the 1950s.
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