The Classical Economists Thought That Wages,prices,and Interest Rates Were Flexible

question 92

True/False

The classical economists thought that wages,prices,and interest rates were flexible in both the upward and the downward direction.

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Definitions:

Political Policy

A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).

Sample Space

The complete set of all possible outcomes of a random experiment or event.

Driver's Exam

A test designed to evaluate an individual's knowledge and skills in driving to determine their eligibility for a driver's license.