According to the classical economists, which of the following would make prolonged unemployment impossible?
a. Flexible prices, wages, and interest rates.
b. Activist government policies.
c. Stable investment demand.
d. A steadily growing money supply.
a
Economics
You might also like to view...
Which theorists see international law as an expression of shared norms and common purpose, where each state has the interest of being known as a law-abiding member?
a. economic structuralists b. realists c. feminists d. constructivists
Economics
In the short run, real GDP can increase beyond a level consistent with the long-run growth path if
A) existing capital and labor are used more intensely. B) the price level decreases accordingly. C) we measure in nominal terms instead of real terms. D) there is an increase in marginal tax rates.
Economics