« previous next »

Author Question: Which of the following statements about the classical model of the economy is FALSE? A) ... (Read 178 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
Which of the following statements about the classical model of the economy is FALSE?
 
  A) Individuals pursue the public interest, not their own self-interest.
  B) The economy will always move toward, or be at, full employment.
  C) Savings and investment will always be equal.
  D) Wages and prices are flexible.

Question 2

The aggregate supply curve shows
 
  A) the total of all planned production for an economy.
  B) that real GDP can only increase when the price level increases.
  C) what an economy can produce if resource prices are constant.
  D) the various quantities of goods consumers will purchase.


fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Model Organism Drosophila Model Organism Drosophila
Kidney Anatomy model Kidney Anatomy model
Marcel Breuer, Armchair, Model B3. Marcel Breuer, Armchair, Model B3.
An Alternative Model of Global Stratification An Alternative Model of Global Stratification
A model for the RuvA-RuvB-Holliday junction structure A model for the RuvA-RuvB-Holliday junction structure
A polygenic model for a threshold trait A polygenic model for a threshold trait
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library