Multiple Choice
Which of the following economic statements would a classical economist tend to support?
A) The short run deserves more focus than the long run.
B) The market tends toward stability and full employment.
C) Savings is a drain on aggregate demand and can reduce economic growth.
D) Government intervention is often necessary to stimulate or moderate economic performance.
E) Prices tend to be rigid and inflexible.
Correct Answer:

Verified
Correct Answer:
Verified
Q153: The Great Recession is named as such
Q154: When the U.S.aggregate demand curve shifted to
Q155: One of the reasons why the Great
Q156: During the Great Depression,there was a financial
Q157: Keynesian economists believe that the economy is
Q159: During the Great Depression,a major financial crisis
Q160: During the Great Recession,aggregate demand _ and
Q161: Use the following graph to answer the
Q162: The Great Recession lasted longer and was
Q163: An institutional breakdown in U.S.financial markets would