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Most Economists Believe That the Classical Dichotomy

Question 3

Multiple Choice

Most economists believe that the classical dichotomy:


A) holds approximately in both the short run and the long run.
B) holds approximately in the long run but not at all in the short run.
C) holds approximately in the short run but not at all in the long run.
D) does not hold even approximately in either the long run or the short run.

Correct Answer:

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