In the classical long-run model,
A) we focus on labor resources,rather than capital or land
B) we study thousands of different resource markets
C) we concentrate our attention on three resource markets: land,labor,and capital
D) we focus on two markets: households and firms
E) the number of variables we include depends upon whether we are focusing on the short run or the long run

Question

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The Answer of In the classical long-run model,
A) we focus on labor resources,rather than capital or land
B) we study thousands of different resource markets
C) we concentrate our attention on three resource markets: land,labor,and capital
D) we focus on two markets: households and firms
E) the number of variables we include depends upon whether we are focusing on the short run or the long run

In the Classical Long-Run Model