Multiple Choice
A primary conclusion of new classical economics is:
A) wages and prices are inflexible downward.
B) there is no short run tradeoff between unemployment and inflation.
C) a free market economy can operate at less than full employment for long periods of time.
D) government intervention in the economy will be rendered ineffective by the responses of businesses and households to these policies.
Correct Answer:
Verified
Correct Answer:
Verified
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