Author Question: The classical economists believe that prices and wages quickly adjust to keep the economy operating ... (Read 89 times)

joesmith1212 · **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.