Prior to the 1930s, the _____ model dominated thinking about how the economy worked.
A) Keynesian
B) classical
C) monetarist
D) real business cycle
Correct Answer:
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Q1: The predominant economic thinking up to the
Q3: Which year is often described as the
Q4: In the classical model, an increase in
Q5: Adam believes that in the long run
Q6: In response to the Great Depression, the
Q7: According to the classical model:
A) the aggregate
Q8: When other things are equal and using
Q9: The classical school of economics:
A) emphasizes the
Q10: If wages and prices are perfectly flexible,
Q11: According to the classical model of the
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