Multiple Choice
Which of the following statements would a Classical economist of the 1930s most likely disagree with?
A) The market, left to its own devices, is self-adjusting.
B) Wages and prices will adjust to eliminate unemployment.
C) In the short-run the economy might experience some problems.
D) Unions do not impede wage and price adjustment.
Correct Answer:
Verified
Correct Answer:
Verified
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