Author Question: Capital goods, like factories and machinery, are classified as intermediate goods. a. True b. ... (Read 95 times)

tuffie · **on:** Jun 30, 2018

Capital goods, like factories and machinery, are classified as intermediate goods.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The pre-Keynesian or classical economic theory predicted that in the long-run the economy would experience:
a. long periods of high unemployment.
b. rising rates of inflation.
c. only temporary periods of high unemployment.
d. idle factors of production.