UGC NET Economics || Free Quiz || July 2023

Assertion (A): Friedman argues that money demand function is a stable function.

Reasons (R): Friedman treats money as one type of asset in which wealth holders can keep a part of their wealth.

An economic system in which government makes all major economic decisions is a

Which among the following allocation/distribution corresponds to Rawlsian concept of equity?

The distribution of two commodities between two individuals is Pareto optimal, if :

1. One individual cannot be made better off without making the other worse-off

2. The individuals are on their consumption contract curve.

Which of the above statement/s is/are correct ?

Below given are two statements, one is labelled as Assertion (A) and the other as Reason (R):

Assertion (A): Stagflation can develop due to market imperfections.

Reason (R): Wage flexibility can cause stagflation.