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    Principles of Macroeconomics Study Set 12
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    Exam 5: Introduction to Macroeconomics
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    Which of the Following Is an Assumption Used by Classical
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Which of the Following Is an Assumption Used by Classical

Question 5

Question 5

Multiple Choice

Which of the following is an assumption used by Classical economists?


A) Wages adjust downward but not upward.
B) Wages adjust upward but not downward.
C) Wages are inflexible.
D) Wages adjust both upward and downward.

Correct Answer:

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