« previous next »

Author Question: The term classical refers to an economic theory which states that over a relatively short period of ... (Read 99 times)

colton

  • Hero Member
  • *****
  • Posts: 627
on: Jun 30, 2018
The term classical refers to an economic theory which states that over a relatively short period of time, wages and prices will adjust quickly to bring the economy back to full employment.
 
  Indicate whether the statement is true or false

Question 2

When the aggregate demand curve shifts ________ than the long-run aggregate supply shifts rightward, the result will be inflation.
 
  A) rightward at a faster rate B) leftward at a slower rate
  C) leftward at the same rate D) rightward at a slower rate
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

A feral horse herd in the western United States A feral horse herd in the western United States
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Classical Conditioning and Food Classical Conditioning and Food
economic question economic question
economic question economic question
Video: Wound Cultures

For a complete list of videos, visit our video library