Which of the following did classical economists believe caused depressions and high unemployment?
A) Sticky product prices
B) Tax increases
C) Business expectations
D) Sticky wages
E) Sticky interest rates
Correct Answer:
Verified
Q67: Classical economists believed that if saving were
Q68: One lesson of the Great Depression was
Q69: Which of the following is an example
Q70: An automatic stabilizer:
A)increases inflationary pressure during expansions.
B)Increases
Q71: Which of the following is true about
Q73: The U.S.federal income tax is progressive,which means
Q74: During economic contractions,transfer payments such as welfare
Q75: Which of the following best describes the
Q76: According to classical economists,government intervention is:
A)necessary to
Q77: The passage of the Employment Act of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents