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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Definitions:

Oculus

A round or eye-like opening in a structure, often at the apex of a dome, letting light or air inside.

Dome

An architectural element resembling the upper half of a sphere, often used to cover a large space without internal supports, symbolizing the heavens or the sky in religious buildings.

Peristyle

In classical architecture, a colonnade all around the cella and its porch(es). A peripteral colonnade consists of a single row of columns on all sides; a dipteral colonnade has a double row all around.

Split

A city in Croatia known for its ancient ruins, particularly the Diocletian's Palace, and its beautiful Adriatic coastal location.