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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 11
Circle the letter that corresponds to the best answer. The classical economists believed ___________.
A) both wages and prices were downwardly flexible
B) neither wages nor prices were downwardly flexible
C) wages, but not prices, were downwardly flexible
D) prices, but not wages, were downwardly flexible
A) both wages and prices were downwardly flexible
B) neither wages nor prices were downwardly flexible
C) wages, but not prices, were downwardly flexible
D) prices, but not wages, were downwardly flexible
Explanation
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The classical economists believed that t...
Macroeconomics 11th Edition by Stephen Slavin
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