The term classical refers to an economic theory which states that over a relatively short period of time, wages and prices will adjust quickly to bring the economy back to full employment.
Indicate whether the statement is true or false
Question 2
When the aggregate demand curve shifts ________ than the long-run aggregate supply shifts rightward, the result will be inflation.
A) rightward at a faster rate B) leftward at a slower rate
C) leftward at the same rate D) rightward at a slower rate
