Solved

Classical Economists Believed That

Question 57

Multiple Choice

Classical economists believed that


A) if saving exceeded investment,prices and interest rates would rise as business accumulated unwanted inventories.
B) flexible prices and wages could not restore an economy to full employment if the interest rate were rigid.
C) flexible interest rates,wages,and prices would assure full employment.
D) voluntary unemployment reflected economic inefficiency.
E) all unemployment was involuntary.

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