Which concept springs to mind when thinking of the classical model?.
A) Inflation.
B) Population growth.
C) Markets clear.
D) The microeconomy.
E) Money supply.

Question

Quizplus · Accepted Answer

The classical model is based on the idea that markets will clear, meaning that supply and demand will match, leading to an equilibrium in the economy. This is the central concept of the classical model. Inflation, population growth, money supply, and the microeconomy may be relevant to the classical model, but they are not the defining concept.

Which Concept Springs to Mind When Thinking of the Classical