The classical framework is based on which of the following ...

[jazziefee]

The classical framework is based on which of the following assumptions?
 
  A) many firms in the economy
  B) no single firm can control prices
  C) in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded
  D) all of the above
  E) none of the above

Question 2

Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4.
 
  A) 26.6
  B) 0.65
  C) 14.6
  D) 5.65
  E) none of the above

[firehawk60]

Answer to Question 1

D

Answer to Question 2

C

[jazziefee]

Thank you

[firehawk60]

No problemo