A classical economist believes that
A) the economy is self- regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
B) the economy is self- regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
C) the economy is self- regulating and always at full employment.
D) if the economy was left alone, it would rarely operate at full employment.
Correct Answer:
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Q374: Q375: A Keynesian economist believes that Q376: economists believe that active help from fiscal Q377: In Japan in 2000 the price level Q378: A monetarist economist believes that Q380: economists believe that the economy is self- Q381: Use the figure above to answer this Q382: If the price level in Great Britain Q383: As world economies start to recover from Q384: In 2008, Japan's government approved a $1![]()
A) the economy
A) the economy
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