Author Question: According to the classical model, the income generated by production is A) always insufficient to ... (Read 83 times)

TVarnum · **on:** Jun 30, 2018

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.