Multiple Choice
The condition of fully flexible wages and prices was assumed by
A) the classical economists.
B) the Keynesian economists.
C) modern economists.
D) no economists.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q101: What is Say's law and what does
Q102: According to Say's law<br>A) supply creates its
Q103: Suppose that the current price level is
Q104: Say's law implies that<br>A) wages and prices
Q105: If aggregate demand and nominal GDP increase
Q107: The classical economists assumed that<br>A) monopoly was
Q108: In the classical model, real Gross Domestic
Q109: Joe's increase in wages has been identical
Q110: If the U.S. government were to relax
Q111: According to the classical model, more saving