Classical economics refers to the perspective that the business cycle can be explained
A) using equilibrium analysis.
B) using disequilibrium analysis.
C) by long-run macroeconomic fluctuations.
D) by short-run macroeconomic instability.
Correct Answer:
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Q8: Economists have found that firms are
A) less
Q9: From the classical perspective,an increase in unemployment
Q10: Prices and wages are considered "sticky" if
A)
Q11: If the demand for the Ford Mustang
Q12: An unexpected exogenous event that has a
Q14: Most economists see the business cycle
A) as
Q15: Research shows that prices tend to remain
Q16: From the classical perspective,a decrease in output
Q17: Which of the following would likely be
Q18: Which of the following events would most
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