Author Question: The classical economists assumed that A) wages and prices were inflexible, especially downward. ... (Read 125 times)

CQXA · **on:** Jun 30, 2018

The classical economists assumed that

A) wages and prices were inflexible, especially downward.
B) government intervention in the economic system was necessary and helpful.
C) monopoly was widespread in the economy.
D) wages and prices were flexible.

Question 2

Investment is

A) spending by businesses on things which can be used to produce goods and services in the future.
B) the production of goods for immediate satisfaction.
C) the purchasing of stocks and mutual funds.
D) goods bought by households.