Multiple Choice
Which of the following is not an assumption made by classical economists?
A) Supply creates its own demand.
B) Wages and prices are flexible.
C) Savings always equals investment.
D) Interest rates are not in important.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: How might the values of a model
Q55: Classical economics favored government intervention in the
Q56: The basic policy implication of the classical
Q57: The classical school assumes that:<br>A) supply creates
Q58: If, using the Keynesian approach, injections into
Q60: Supply-side economics calls for:<br>A) regulatory reform to
Q61: The classical economists held that the economy
Q62: The basis of the following figure based
Q63: Which of the following statements about aggregate
Q64: Which of the following schools of economic