According to Classical Economists,changes in Aggregate Demand Have Little Effect

question 88

Multiple Choice

According to classical economists,changes in aggregate demand have little effect on the overall economy,and therefore

• A) the government will need to stimulate aggregate demand.
• B) long-run aggregate supply is the primary source of economic growth.
• C) prices are quite rigid and inflexible.
• D) unemployment will tend to persist over time.
• E) long-run aggregate supply is irrelevant in determining growth.

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Definitions:

Palliative Care

Type of health care that focuses on symptom and pain relief and providing a supportive environment for critically ill or dying patients.

End of Life

Issues and considerations surrounding the final phase of life, including palliative care, ethical decisions, and the rights of the dying.

Comfortable

A state of physical ease and freedom from pain or constraint; the provision of a pleasant level of comfort and satisfaction.

Culturally Relative

The understanding that beliefs, values, norms, and practices should be evaluated in the context of the specific culture from which they originate, rather than judged against the standards of another culture.