Multiple Choice
If you asked a classical economist which economic time frame he or she prioritized,how might he or she respond?
A) "Prices tend to be sticky when supply or demand changes."
B) "Savings is a drain on aggregate demand."
C) "The economy tends toward instability and cyclical unemployment."
D) "The long run is key."
E) "The short run is key."
Correct Answer:
Verified
Correct Answer:
Verified
Q50: Keynesian economists believe that government intervention in
Q51: Aside from what occurred with the Great
Q52: During the Great Depression,the U.S.aggregate demand curve
Q53: The stock market crash in _ is
Q54: During the Great Depression,aggregate demand in the
Q56: The Great Depression is commonly thought to
Q57: During the Great Depression,real gross domestic product
Q58: During the Great Recession,long-run aggregate supply decreased.This
Q59: Classical economists believe that government intervention in
Q60: When U.S.housing prices declined prior to and