This topic contains a solution. Click here to go to the answer

Author Question: According to the Classical economists, the economy (Read 89 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546

Question 1

According to Classical economists, if the quantity of labor demanded exceeds the quantity supplied, there is a


◦ surplus of labor and wages will rise.
◦ shortage of labor and wages will fall.
◦ shortage of labor and wages will rise.
◦ surplus of labor and wages will fall.

Question 2

According to the Classical economists, the economy


◦ requires fine-tuning to reach full employment.
◦ has sticky prices in many industries.
◦ is self-correcting.
◦ will never be at full employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by saraeharris on Apr 19, 2019

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly



saraeharris

  • Hero Member
  • *****
  • Posts: 546

joneynes

  • Sr. Member
  • ****
  • Posts: 376
You're welcome



 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library