If the economy is self-regulating as Classical theory assumes,and it is in a recessionary gap, then how will it get back to full employment? Select one: a. wages and prices will rise. b. wages will rise, but prices will fall C. wages and prices will fall d. wages will fall, but prices will rise. e neither wages nor prices will change

If the economy is self-regulating as Classical theory assumes,and it is in a recessionary gap, then how will it get back to full employment? Select one: a. wages and prices will rise. b. wages will rise, but prices will fall C. wages and prices will fall d. wages will fall, but prices will rise. e neither wages nor prices will change

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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