The classical economists thought that the economy would quickly-08977
The classical economists thought that the economy would quickly overcome any short run instability because:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.3.
The classical economists thought that the economy would quickly overcome any short run instability because:
Price level and quantity were flexible
Prices would get stuck at a low level
The long run aggregate supply would shift to the left
Prices and wages were flexible
