According to classical economists,market-driven economies
A) Are typically self-adjusting.
B) Are inherently unstable.
C) Require government intervention.
D) Are always in long-run equilibrium.
Correct Answer:
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Q5: Before the year 2000,the most prolonged departure
Q6: If wages and prices are flexible,then a
Q7: Unlike the classical economists,Keynes asserted that
A)The economy
Q8: According to Keynes,which of the following should
Q9: Alternating periods of economic growth and contraction
Q11: A recession can be represented by a
Q12: Changes in real GDP are used to
Q13: According to Keynes,which of the following can
Q14: Which of the following is true about
Q15: Say's Law states that
A)Supply creates its own
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