The flaw of the Classical model of the business cycle is that it
A) assumes away output fluctuations.
B) assumes complete wage rigidity.
C) assumes unrealistic fooling of workers.
D) requires procyclical wage movements and continuous labor market equilibrium.
A
Economics
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The efficient transfer price is
a. the upstream division's average cost b. the upstream division's marginal cost c. the downstream division's average cost d. the downstream division's marginal cost
Economics
Following the principle of comparative advantage, specialization:
a. permits greater levels of total production than would be attained without it. b. increases the dependency of countries on trade. c. both of the above. d. neither of the above.
Economics