The condition of fully flexible wages and prices was assumed by
A. the classical economists.
B. the Keynesian economists.
C. no economists.
D. modern economists.
Answer: A
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An interest rate swap involving the exchange of floating-rate obligations for fixed-rate obligations is known as
A) swaption. B) swap option. C) forward swaps. D) plain vanilla.
One outcome of the creation of the Federal Deposit Insurance Corporation was the reduction of moral hazard problems
Indicate whether the statement is true or false
A tax loophole is
a. an illegal method by which individuals or corporations avoid paying the taxes they legally owe. b. a provision in the tax code that allows individuals or corporations to reduce their tax burdens legally by meeting certain conditions. c. a tax surcharge on incomes within certain ranges. d. a provision in the tax code that allows individuals or corporations to shift the economic incidence of a particular tax on to someone else.
The three problems of resource allocation are faced by
a. traditional societies b. command systems c. centrally planned economies d. market economies e. all types of societies