The classical model is based on the assumption that
A) all markets clear
B) all demand curves are horizontal
C) all supply curves are vertical
D) the government's budget is always balanced
E) the quantity of loanable funds demanded is independent of the interest rate
Correct Answer:
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Q127: According to the classical model,if the government
Q128: When the government is running a budget
Q129: Q130: If political influences,independent of any economic forces,lead Q131: Which of the following does not usually Q133: Changes in government spending or taxes designed Q134: A decrease in government spending would cause Q135: In the classical model,beginning from an equilibrium Q136: According to Say's Law, Q137: Fiscal policy is a change in either
A) demand creates its
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