If wages and prices are flexible,then a recession is best eliminated when prices
A) And wages both rise.
B) And wages both fall.
C) Rise and wages drop.
D) Drop and wages rise.
Correct Answer:
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Q2: Which of the following is characteristic of
Q3: The study of aggregate economic activity for
Q4: Alternating periods of economic growth and contraction
Q5: In the early 1900s,which of the following
Q6: According to the classical view,if consumer demand
Q7: Unlike the classical economists,Keynes asserted that
A)The economy
Q8: Which of the following was not characteristic
Q9: Who believed that small disturbances in output,prices,or
Q10: Say's Law states that
A)Supply creates its own
Q11: According to Keynes,which of the following can
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