Which of the following was not a solution to the Great Depression favored by Classical economists?
A) Break up labor unions
B) Hire unemployed workers for public works programs
C) Let market forces operate
D) Stop government measures that held up wages and prices
Correct Answer:
Verified
Q18: The unemployment rate is the percentage of
Q19: "Classical economist" is often used interchangeably with
Q20: The sum of the number of employed
Q21: The Classical economists argued that:
A)a market economy
Q22: The long-run growth framework focuses on factors
Q24: According to Classical economists in the 1930s,
Q25: The secular trend growth rate in the
Q26: A period of protracted slow growth and
Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q28: Keynesian economics focuses on:
A)the long run.
B)the short
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