All of the following is consistent with the classical theory of employment EXCEPT
A) The interest rate will equalize savings and investment.
B) Everything produced will necessarily be purchased.
C) Saving and investing are done by different people for different reasons.
D) Wages and prices are flexible downwards.
Correct Answer:
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Q176: Keynes believed in all of the following
Q177: Which of the following is false?
A)The classical
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Q180: Assume the aggregate demand curve intersects the
Q181: The classical economists believed in all of
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Q183: Demand pull inflation occurs in the _
Q184: Keynes believed
A)increases in investment expenditures are due
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