The classical economists believed all of the following,except
A) demand creates its own supply.
B) the quantity of money people wanted to save and invest affected interest rates.
C) recessions are temporary.
D) wages and prices are both downwardly flexible.
Correct Answer:
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Q165: The dominant school of economic thought from
Q166: Which of the following schools of economic
Q167: Statement I: Economic Behaviorists challenge the idea
Q168: The crude quantity theory of money and
Q169: Keynesians
A)believe capitalism is inherently unstable.
B)contend that government
Q171: According to Keynes,
A)supply creates its own demand.
B)the
Q172: Which of the following statements is true?
A)Keynesians
Q173: The main criticism leveled at the rational
Q174: Statement I: According to the rational expectations
Q175: According to supply-side economists,
A)high tax rates discourage
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