Which statement is the most accurate?
A) The classical economists believed that in the long run everything produced gets sold.
B) Adam Smith's Wealth of Nations was a plea for government intervention to cure recessions.
C) Adam Smith believed in the sophisticated version of the quantity theory of money.
D) The classical economists believed an attempt to cure a recession using monetary policy would only cause deflation.
Correct Answer:
Verified
Q182: To the monetarists,the key to maintaining stable
Q183: The classical economists believed
A)wages and prices were
Q184: Keynes believed in all of the following,except
A)The
Q185: The monetarists believe
A)the Federal Reserve is very
Q186: Statement I: The classical economists believed recessions
Q188: Which of the following statements are true?
A)Big
Q189: The newest school of economic thought to
Q190: According to Keynes,
A)only consumer spending could get
Q191: Keynesians
A)believe capitalism is inherently stable
B)contend that government
Q192: Statement I: According to the rational expectations
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