Multiple Choice
A key assumption of the classical model is that
A) government intervention is important to get markets to clear
B) prices adjust until quantity supplied equals quantity demanded
C) markets never clear in the long run
D) demand adjusts in order to meet supply
E) prices remain constant and supply and demand adjust
Correct Answer:

Verified
Correct Answer:
Verified
Q81: Which of the following events led to
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Refer to Figure
Q83: Assume a closed economy.If consumption spending is
Q84: Crowding out refers to a(n)<br>A) decrease in
Q85: In the classical model,the supply of funds
Q87: The supply of loanable funds curve is
Q88: How do people in a market economy
Q89: Assuming the economy was in equilibrium,use
Q90: In the classical model,taxes and spending are
Q91: John Maynard Keynes and his followers argued