Solved

According to the Classical View,if Consumer Demand Slowed Down

Question 29

Multiple Choice

According to the classical view,if consumer demand slowed down,


A) Prices would decrease,and the economy would return to its long-term growth trend.
B) Prices would increase,and the economy would return to its long-term growth trend.
C) Wages would increase,and the economy would return to its long-term growth trend.
D) Investment and government demand would increase,and the economy would return to its long-term growth trenD.Through the adjustment of prices,the economy quickly rebounds to its potential.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions