Classical model

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Classical model

ranjankumarnayak5
In a Classical model, an increase in labour supply without any change in money supply will influence:-
a.employment, output, real wage and price
b.output and real wage
c.employment
d.employment, output and real wage
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Re: Classical model

ranjankumarnayak5
SOME ONE PLEASE HELP ME
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Re: Classical model

Rootz
I'm guessing C.In the classical model, AS curve is inelastic. So output won't change.