The Classical Economists Believed That

Multiple Choice

The Classical Economists believed that

A) the cure for wage sickness was the passage of labor laws requiring the indexing of wages to changes in normal GDP.
B) the cure for unemployment was the passage of labor laws requiring the indexing of wages to changes in nominal GDP.
C) the cure for wage stickiness was to remedy market inefficiencies.
D) unemployment required active government intervention to manipulate AD.