Solved

In Regard to the Macroeconomy,it Is Believed by Classical Economists

Question 16

Multiple Choice

In regard to the macroeconomy,it is believed by classical economists that


A) prices are flexible.
B) the market tends toward instability and cyclical unemployment.
C) savings is a drain on demand.
D) aggregate demand is more significant than aggregate supply.
E) the economy needs help in moving back to full employment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: Use the following graph to answer the

Q12: During the Great Depression,the U.S.aggregate demand curve

Q13: Define and relate macroeconomic policy,fiscal policy,and monetary

Q14: If a classical economist were asked which

Q15: Explain the Great Depression and the Great

Q17: When did the Great Recession begin and

Q18: When contrasted with other recessions,the Great Depression<br>A)

Q19: Use the following graph to answer the

Q20: During the Great Recession,there was a financial

Q21: During the Great Recession,real gross domestic product