Multiple Choice
According to the classical model, prices are _____, making the aggregate supply curve _____ in the short run.
A) sticky; upward sloping
B) flexible; vertical
C) flexible; downward sloping
D) sticky; vertical
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q72: Classical macroeconomists believed that government could reduce
Q73: The period of relative calm in the
Q74: Friedman argued that with a _ money
Q75: In the classical model, an increase in
Q76: Real business cycle theory suggests that changes
Q78: One argument in favor of quantitative easing
Q79: Which school of thought believes that expansionary
Q80: Monetarists argued that fiscal policy was ineffective
Q81: The slump that followed the 2008 financial
Q82: Real business cycle theory contends that the:<br>A)