An economy heats up due to

1. Demand deficit

2. Excess supply

3. High liquidity infusion

Select the correct answer using the codes below.

Indicative planning is most likely to be followed by which of these economies?

The Phillips Curve suggests that

a) Lower the inflation, lower is the unemployment

b) Higher the environmental degradation, higher is the economic inequality

Which of the above is/are correct?

A shortage of investible capital in an economy can result from

1. Very high and erratic inflation

2. Low savings

3. High borrowing costs

Select the correct answer using the codes below.

As per Classical Economic thought

Assertion (A): Markets, even if left free, always require government intervention.

Reason (R): Buyers and sellers acting in their self-interest fail to coordinate with each other.

In the context of the above, which of these is correct?