Multiple Choice
Classical economists believed that wages and prices were _____, and as a result, the aggregate _____ curve was vertical.
A) inflexible; supply
B) inflexible; demand
C) flexible; demand
D) flexible; supply
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Purchases and sales of short-term Treasury bills
Q20: Keynesian economics stresses the role of:<br>A) aggregate
Q48: Which of the following was an argument
Q49: Rational expectations theory suggests that:<br>A)monetary policy that
Q50: Use the following to answer questions:<br>Scenario: The
Q51: Use the following to answer questions :<br>Figure:
Q104: Most economists favor discretionary monetary policy because
Q106: According to the Great Moderation consensus, the
Q130: The idea of sticky wages and prices
Q281: Adam believes that in the long run