Multiple Choice
The Classical assumptions of the macroeconomy include each of the following except
A) wages and prices can be "sticky" or "fixed."
B) expectations are consistent with full employment.
C) the labor market is always in equilibrium with full employment.
D) shocks to aggregate demand will change the composition but not the level of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q93: The lower the value of the _,
Q94: The value of the output produced by
Q95: If the real exchange rate of the
Q96: When economists use the term "investment" or
Q97: If consumption spending changes by $6 trillion
Q99: The amount of investment that replaces obsolete
Q100: Economists categorize investment spending in each of
Q101: The key factor in the _ side
Q102: If the value of C<sub>y</sub>, the MPC,
Q103: Theory shows us that most of a