Which of the Following Statements Is True About Classical Economists

question 21

Multiple Choice

Which of the following statements is true about classical economists?

• A) They represent a large and cohesive group of economists who agreed with David Ricardo concerning wage and price flexibility in both the short run and the long run.
• B) They may have shared some ideas in common, but their views were far from uniform.
• C) They did not believe in the neutrality of money.
• D) Their theories shed little insight on the economy today because modern issues and concerns are so different from those described in their earlier writings.

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