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According to Classical Economists,changes in Aggregate Demand Have Little Effect

Question 88

Multiple Choice

According to classical economists,changes in aggregate demand have little effect on the overall economy,and therefore


A) the government will need to stimulate aggregate demand.
B) long-run aggregate supply is the primary source of economic growth.
C) prices are quite rigid and inflexible.
D) unemployment will tend to persist over time.
E) long-run aggregate supply is irrelevant in determining growth.

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