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Author Question: Which of the following statements applies to the classical system? a. There is money wage ... (Read 57 times)

dollx

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on: Jun 30, 2018
Which of the following statements applies to the classical system?
 
  a. There is money wage inflexibility since full employment already existed
  b. A perfectly flexible money wage is not always a requirement for full employment
  c. Full employment was easily explained with downward money wage rigidity
  d. An imperfect market structure is requirement for full employment
  e. none of the above

Question 2

The Mint Act of 1792, following the ideas of Thomas Jefferson and Robert Morris, set the U.S. up as
 
  (a) a silver standard country.
  (b) a paper-money country.
  (c) a gold-standard country.
  (d) a bimetallic country.


wtf444

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

E

Answer to Question 2

(d)


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