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Author Question: The classical economists believe that prices and wages quickly adjust to keep the economy operating ... (Read 84 times)

joesmith1212

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on: Jun 30, 2018
The classical economists believe that prices and wages quickly adjust to keep the economy operating at full employment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In Keynes's view, an excess quantity of money demanded causes people to:
 a. sell bonds and the interest rate rises. b. buy bonds and the interest rate falls.
  c. buy bonds and the interest rate rises. d. increase speculative balances.


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ebenov

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

True

Answer to Question 2

a


joesmith1212

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  • Posts: 549
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Mochi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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