Author Question: The classical model assumes that A) imperfect competition predominates in most markets. B) ... (Read 62 times)

bobypop · **on:** Jun 29, 2018

The classical model assumes that

A) imperfect competition predominates in most markets.
B) people have money illusion.
C) wages and prices are flexible.
D) wages are flexible but prices are not.

Question 2

If a demand curve shifts, we know that

A) the price of the good itself is not a factor.
B) the price of the good itself is a factor.
C) the price of the good and supply are the major factors.
D) the price of the good and demand are major factors.