Question
Which school of thought believed that long-run equilibrium occurs automatically and is the normal state of affairs in a market economy? a. Keynesians b. Neo-classicists
Which school of thought believed that long-run equilibrium occurs automatically and is the normal state of affairs in a market economy?
a.
Keynesians
b.
Neo-classicists
c.
Supply-siders
d.
Symbolic analysts
Which of the following beliefs is neoclassical theory built on?
a.
The rigidness of prices.
b.
The rigidness of interest rates
c.
The rejection of Say's Law
d.
The flexibility of wages
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Environmental Economics and Management Theory, Policy and Applications
Authors: Scott J. Callan, Janet M. Thomas
6th edition
1111826673, 1111826676, 1439080634, 1439080631, 9781285528540 , 978-1111826673
