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Author Question: The classical framework is based on which of the following assumptions? A) many firms in the ... (Read 55 times)

jazziefee

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on: Jun 30, 2018
The classical framework is based on which of the following assumptions?
 
  A) many firms in the economy
  B) no single firm can control prices
  C) in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded
  D) all of the above
  E) none of the above

Question 2

Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4.
 
  A) 26.6
  B) 0.65
  C) 14.6
  D) 5.65
  E) none of the above


firehawk60

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

D

Answer to Question 2

C


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jazziefee

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Reply #2 on: Jun 30, 2018
Thank you


firehawk60

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Reply #3 on: Jun 30, 2018
No problemo


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