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Author Question: Which of the following did classical economists believe caused depressions and high unemployment? ... (Read 86 times)

segrsyd

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on: Jun 30, 2018
Which of the following did classical economists believe caused depressions and high unemployment?
 a. Sticky product prices
  b. Tax increases
 c. Business expectations
  d. Sticky wages
 e. Sticky interest rates

Question 2

The circular flow model shows the flow of:
 a. money in the economy.
 b. financial assets in the economy.
 c. goods and services in the product market.
 d. resources and money in the economy.
 e. resources through the resource markets and their allocation in the product market.


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


segrsyd

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Reply 2 on: Jun 30, 2018
Excellent

irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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