Solved

The Classical Economists Argued That

Question 47

Multiple Choice

The classical economists argued that


A) a market economy will not experience unemployment.
B) if unemployment occurs it will cure itself because prices,wages,and interest rates will fall.
C) aggregate demand may not be large enough to take the entire supply of goods and services off the market.
D) if inflation occurs it will cure itself because prices,wages,and interest rates will rise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents