Which best describes the classical theory of employment?
A) We will always have a great deal of unemployment.
B) We will usually have a great deal of unemployment.
C) We will occasionally have some unemployment,but our economy will automatically move back toward full employment.
D) We never have any unemployment.
Correct Answer:
Verified
Q3: According to the classicals,our economy can produce
Q4: The Keynesian and classical aggregate supply analyses
A)are
Q5: Which question did John Maynard Keynes pose
Q6: Keynes and the classicals used _ aggregate
Q7: The price level rises more rapidly as
Q9: At equilibrium GDP
A)Savings = investment,but aggregate demand
Q10: To fight a depression,Keynes said that the
Q11: When the average price level in the
Q12: Laissez-faire economics was advocated by
A)both Keynes and
Q13: Our economy is always tending towards full
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