Which of the following is not an assumption of classical theory?
A)Price flexibility
B)Unemployment
C)Say's law
D)Neutrality of money

Name: Which of the following is not an assumption of classical theory? A)Price flexibility B)Unemployment C)Say's law D)Neutrality of money
Brand: Quizplus
Rating: 5.0 (37 reviews)

Question

Quizplus · Accepted Answer

Classical theory assumes full employment, meaning that all resources, including labor, are fully utilized. It does not assume unemployment as a normal condition, unlike some other economic theories.

Which of the Following Is Not an Assumption of Classical