Classical economists believe that ________.
A)it takes a long time for economic variables to reach equilibrium
B)short-run fluctuations are too infrequent and mild to be of much interest
C)real variables like output and investment are not determined by nominal variables
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Classical economists believe that real variables, such as output and investment, are determined by real factors like technology and resources, not by nominal variables like money supply or price levels.

Classical Economists Believe That ________