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Author Question: According to the classical model, the income generated by production is A) always insufficient to ... (Read 69 times)

TVarnum

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According to the classical model, the income generated by production is
 
  A) always insufficient to purchase all the goods and services produced.
  B) enough to purchase all the goods and services produced.
  C) fully spent on savings.
  D) enough to meet the needs of everyone in society.

Question 2

The long-run aggregate supply curve occurs at the level of real GDP consistent with
 
  A) no inflation. B) the natural rate of unemployment.
  C) individuals' tastes and preferences. D) low levels of inflation.



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b614102004

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Answer to Question 1

B

Answer to Question 2

B




TVarnum

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Reply 2 on: Jun 30, 2018
Excellent


emsimon14

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

 

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