Which of the following did classical economists believe would happen if the product markets accrued surpluses?
A) Prices would rise.
B) Interest rates would rise.
C) Wage rates would fall.
D) The government would fix things.
Correct Answer:
Verified
Q15: If disposable income increases from $250 to
Q17: In the Keynesian aggregate expenditure model,prices are
Q17: In the Keynesian aggregate expenditure model, which
Q18: Spending by federal,state,and local government has grown
Q21: The factors that would shift the savings
Q52: Aggregate expenditures are equal to
A) the total
Q60: If the marginal propensity to consume is
Q101: The 45-degree line in the Keynesian model
Q109: Along the 45-degree line in the graph
Q133: The marginal propensity to consume
A) increases when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents