According to Classical Theory

question 112

Multiple Choice

According to classical theory,

• A)Keynes had "neglected to take account of the drag on prosperity which can be exercised by an insufficiency of effective demand."
• B)Macro equilibrium might start out badly and get worse in the absence of government intervention.
• C)Flexible wages and prices allow a laissez faire economy to adjust wages and prices to shifts in aggregate demand.
• D)Business cycles are not relevant and do not occur.

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Definitions:

OSHA

The Occupational Safety and Health Administration, a U.S. agency responsible for ensuring safe and healthful working conditions by setting and enforcing standards.

Employee Safety

The protection of workers from workplace hazards and risks through implementation of safety measures and compliance with regulations.

Bloodborne Pathogens Standard

Regulatory standards set by OSHA to protect workers from health hazards caused by bloodborne pathogens.

Proper Disposal

The act of discarding waste or unwanted materials in a manner that complies with environmental and safety regulations.