Which of the following characterizes the classical view of the economy?
a. The economy is inherently unstable.
b. Prices and wages are not flexible.
c. The economy will "self-adjust" to full employment.
d. None of these.
c
Economics
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The likelihood of an individual's vote being significant in a Presidential election is fairly high, especially if they live in a swing state
a. True b. False
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A point inside the production possibilities curve illustrates a situation in which resources are not fully employed
a. True b. False
Economics