Multiple Choice
If a natural disaster destroys some of the capital stock,then the classical model predicts
A) labor demand,real wages,and output will fall.
B) labor demand and real wages will rise,output will fall.
C) the labor market remains unchanged but output falls.
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Which statement best defines the classical perspective?<br>A)Aggregate
Q20: In the classical model,and increase in tax
Q21: In the classical model,the factors determining output
Q22: In the classical model,a decrease in immigration
Q23: The classical model is a model in
Q25: Which of the following is consistent with
Q26: In the classical model,the supply-determined nature of
Q27: With respect to an auction market,<br>A)labor and
Q28: Which of the following statements is correct?
Q29: Which of the following is not consistent