Solved

Classical Economists Believe That Prices Are ____ and That Recessions

Question 57

Multiple Choice

Classical economists believe that prices are ____ and that recessions will be relatively ____.

A) inflexible; long
B) inflexible; brief
C) flexible; brief
D) flexible; long

Related Questions

Q2: The SRAS is _; the LRAS is

Q41: The short-run aggregate supply curve:<br>A)has the same

Q52: Which of the following observations will be

Q86: The long-run aggregate supply curve is the

Q96: Along the long-run aggregate supply curve, the

Q114: Aggregate demand can be defined as:<br>A)the total

Q149: If private consumption in the United States

Q177: Higher interest rates will tend to reduce

Q186: If the stock market continues a steady

Q189: During the 1970s, U.S. prices generally rose