30 Based on the belief that prices are fully flexible, classical economists conclude thata) spending, or aggregate demand, is the fundamental factor in the economy.b) the economy will never be in equilibrium.Oc) government intervention in the economy is essential to maintain fullemployment.O d) unemployment will tend to persist over time.O e) the economy is self-correcting and does not need government intervention.

According to the classical economist, market is a self-correcting because wages and prices are…

Based on the belief that prices are fully flexible, classical economists conclude that a) spending, or aggregate demand, is the fundamental factor in the economy. b) the economy will never be in equilibrium. c) government intervention in the economy is essential to maintain full employment. d) unemployment will tend to persist over time. O e) the economy is self-correcting and does not need government intervention.

Based on the belief that prices are fully flexible, classical economists conclude that a) spending, or aggregate demand, is the fundamental factor in the economy. b) the economy will never be in equilibrium. c) government intervention in the economy is essential to maintain full employment. d) unemployment will tend to persist over time. O e) the economy is self-correcting and does not need government intervention.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Find APS if savings is $505 and the income is $810
The ratio of Consumption to savings is given as 5/3 Calculate the value of savings if the value of income is $6000
how to calculate future value
What is the unit contribution margin?
Calculate Savings when income is $2000 and APS is 0.62
Solve the attachment. image
Please find the value of a APS when APC is 0.44
No written by hand solution Charmaine buys candy that costs $6 per pound. She will buy more than 7 pounds of candy. What are the possibl Use c for the amount (in dollars ) Charmaine will spend on candy.
How can the company consider quality Improvement?
Calculate the value of APS when savings is $2500 and income is $2800