According to the classical economists,an increase in unemployment
A) could not occur.
B) would be made worse by a decrease in interest rates.
C) would be reduced by an increase in interest rates,wages,and prices.
D) would be reduced by a decrease in interest rates,wages,and prices.
Correct Answer:
Verified
Q46: A nearly vertical aggregate supply curve occurs
A)when
Q47: The classical economists argued that
A)a market economy
Q48: Which of the following will cause a
Q49: Classical economists and monetarists perceive
A)investors' expectations about
Q50: We would expect the aggregate demand curve
Q52: Unintended inventory changes
A)precipitate explosive inflations of highly
Q53: The principal cause of the Great Depression
Q54: Which of the following is incorrect?
A)As the
Q55: Suppose our economy is in macroeconomic equilibrium
Q56: The aggregate demand curve shows a(n)
A)positive relationship
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