Which theories of the economy lead to the assertion that markets "self-adjust" to deviations from their long-term growth trend?
A) Keynesian theories
B) Monetarist theories
C) Classical theories
D) Supply-side theories
Correct Answer:
Verified
Q13: External shocks to an economy include:
A) Innovation,population
Q14: According to the text,which of the following
Q15: The Classical approach dominated economic policy during:
A)
Q16: Which of the following is necessary for
Q17: Self-adjustment of markets is assumed in:
A) Classical
Q19: Say's Law is consistent with the _
Q20: According to Say's Law,all goods produced will
Q21: Which of the following is an example
Q22: A critical macroeconomic controversy is whether a
Q23: According to Keynes:
A) Small disturbances in prices
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