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Author Question: According to the classical model, the income generated by production is A) always insufficient to ... (Read 75 times)

TVarnum

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on: Jun 30, 2018
According to the classical model, the income generated by production is
 
  A) always insufficient to purchase all the goods and services produced.
  B) enough to purchase all the goods and services produced.
  C) fully spent on savings.
  D) enough to meet the needs of everyone in society.

Question 2

The long-run aggregate supply curve occurs at the level of real GDP consistent with
 
  A) no inflation. B) the natural rate of unemployment.
  C) individuals' tastes and preferences. D) low levels of inflation.


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b614102004

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


TVarnum

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

daiying98

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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