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Macro Economics

Notes 5. Full employment 6. (d)
7. (d) 8. (d)
9. (c) 10. False
11. True 12. True

13. True 14. increase
15. real wage rate 16. rise

3.8 Further Readings

Books R. L. Varshney, K. L. Maheshwari, Managerial Economics, Sultan Chand & Sons,
New Delhi
S K Agarwala, Principles of Economics, 2nd Edition, Excel Books
Thomas F. Dernburg, Macro Economics, Mc Graw-Hill Book Co.

Online links http://www.ehow.com/facts_5318449_classical-theory-economics.html
http://www.interzone.com/~cheung/SUM.dir/econthyc1.html
http://economics.wikia.com/wiki/Classical_Theory_of_Employment_and_
Output_Determination

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