Multiple Choice
How did the neoclassical school view equilibrium?
A) As occurring at capacity output.
B) Where AS = LAS.
C) In a way that implied full employment.
D) As being a natural result of flexible prices and wages.
E) As occurring at capacity output,where AS = LAS,in a way that implied full employment and as being a natural result of flexible prices and wages.
Correct Answer:

Verified
Correct Answer:
Verified
Q105: The following are aggregate demand and supply
Q106: What are the components of aggregate demand?
Q107: What does the foreign-trade effect explain?<br>A)The shape
Q108: Which of the following will cause a
Q109: The following is a list of economic
Q111: Suppose that the economy of Wetland shown
Q112: Which of the following is true regarding
Q113: The following is a list of economic
Q114: What is the relationship between LAS and
Q115: What are the five determinants of investment