Which of the following is an assumption made under the 'new classical view'?
A) wages are flexible
B) prices are fixed
C) wages are fixed
D) expectations play no role in decision making

Name: Which of the following is an assumption made under the 'new classical view'? A) wages are flexible B) prices are fixed C) wages are fixed D) expectations play no role in decision making
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Question

Quizplus · Accepted Answer

The new classical view assumes that wages and prices are flexible, allowing markets to clear efficiently.

Which of the Following Is an Assumption Made Under the 'New