The classical economists held that the economy tends to operate at full employment.
Correct Answer:
Verified
Q126: Which of the following schools of thought
Q127: The Phillips curve that shows a tradeoff
Q128: An economy that has its levels of
Q129: The acceptance of economic theories depends only
Q130: All macroeconomic models attempt to explain the
Q132: Classical economics favored government intervention in the
Q133: The classical economists believed changes in wages
Q134: The classical economists thought that supply creates
Q135: According to Keynesian economists, government efforts to
Q136: Keynesian economists do not think flexible wages
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