According to classical economists, government intervention is:
a. necessary to maintain a stable price level in the long run.
b. necessary to maintain a stable price level in the short run.
c. necessary to maintain full employment in the long run.
d. necessary to maintain full employment in the short run.
e. not necessary to maintain full employment.
e
Economics
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If a firm hires 215 workers it will produce 3,016 units of output. If it hires 216 workers it will produce 3,128 units of output. The marginal physical product of labor equals
A) 1. B) 112. C) 216. D) 3,128.
Economics
Aggregate supply grows over time because of growing consumer and government spending
a. True b. False Indicate whether the statement is true or false
Economics