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According to classical macroeconomic theory, Select one: O a. the price level is sticky in the short run and it plays only a minor role
According to classical macroeconomic theory, Select one: O a. the price level is sticky in the short run and it plays only a minor role in the short-run adjustment process. O b. for any given level of output, the interest rate adjusts to balance the supply of, and demand for, money. O c. output is determined by the supplies of capital and labor and the available production technology. O d. All of the above are correct
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