Multiple Choice
The classical economists believed in the self-correcting nature of the economic system.What did they believe were the major adjustment mechanisms?
A) inflexible wages, inflexible prices, and flexible interest rates
B) flexible wages, flexible prices, and flexible interest rates
C) sticky wages, sticky prices, and sticky interest rates
D) inflexible interest rates, flexible wages, and flexible prices
Correct Answer:

Verified
Correct Answer:
Verified
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