Which of the following statements is false?
A) The economy is in equilibrium when saving equals investment.
B) The classical school believed we are always tending toward full employment.
C) The classical economists' aggregate supply curve is vertical in the short run.
D) The economy is in equilibrium when aggregate demand equals aggregate supply.
Correct Answer:
Verified
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A)the
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A)dominated economic thought until the
Q169: Each of the following is consistent with
Q170: Keynes believed
A)everything produced in an economy is
Q171: The classical school
A)was the dominant school of
Q172: In the classical theory of employment,a rise
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