Classical economists believe that the economy
A. is unable to return to equilibrium because wages and prices are sticky and do not adjust right away.
B. will not return to equilibrium without government intervention.
C. is unable to return to equilibrium because wages and prices are flexible.
D. will return to equilibrium quickly without the need for government intervention.
Answer: D
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When Sony introduced the first consumer VCRs in the 1970s, the retail price exceeded $1,000. Within a few years, the price dropped well below $500. This is an example of:
A) skimming strategy. B) penetration strategy. C) cost-based strategy. D) price ceiling strategy. E) transfer pricing strategy.
Under a defensive strategic market plan, calculate the market demand of a particular product that generates sales revenue of $32 million at a market share of 15 percent
A) $480 million B) $4.8 million C) $46.9 million D) $213.3 million E) $320 million
Aster Inc is an American firm that manufactures motorcycles under the brand name AsterBikes. The firm conducts a market research to identify alternative sources of sales growth by leveraging its core competencies and competitive advantages
Based on its market research and analysis, the firm decides to enter the automobile industry, and introduces a line of Aster ComfortCars. In this example, Aster Inc is using which of the following offensive strategies? A) enter unrelated new markets B) develop new markets C) harvest for cash flow D) divest for cash flow E) enter related new markets
When using the allowance method of accounting for uncollectible accounts, the entry to record the estimated bad debts expense is a debit to Bad Debts Expense and a credit to Allowance for Doubtful Accounts.
Answer the following statement true (T) or false (F)