Classical economists believe that ________
A) it takes a long time for economic variables to reach equilibrium
B) short-run fluctuations are too infrequent and mild to be of much interest
C) real variables like output and investment are not determined by nominal variables
D) all of the above
E) none of the above
C
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The dollar will appreciate if interest rates fall in the United States
Indicate whether the statement is true or false
Which of the following describes the general effect of tariffs on consumer surplus as shown in Exhibit 1?
a. eliminated
b. unchanged
c. decreased
d. increased
Which of the following would shift the demand curve for new textbooks to the right?
A) A decrease in the price of paper. B) A fall in the price of used textbooks. C) An increase in college enrollments. D) A fall in the price of new textbooks
A person will be more likely to migrate the:
A. greater the distance they will have to travel from their country of origin. B. greater the wages in their prospective new country relative to wages in their home country. C. fewer the number of "beaten paths" that exist to their prospective new country. D. greater the number of children they have.