Which of the Following Statements Would a Classical Economist of the 1930s

question 31

Multiple Choice

Which of the following statements would a Classical economist of the 1930s most likely disagree with?

• A)The market, left to its own devices, is self-adjusting.
• B)Wages and prices will adjust to eliminate unemployment.
• C)In the short-run the economy might experience some problems.
• D)Unions do not impede wage and price adjustment.

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Definitions:

Nasolacrimal Duct

The passageway that drains tears from the eye into the nasal cavity, allowing for tear drainage.

Lacrimal Fluid

Fluid produced by the lacrimal glands in the eyes, commonly known as tears, which keeps the eyes lubricated.

Nose

A facial organ containing the nostrils and used for breathing and smelling.

Eye's Lens

A transparent structure in the eye that focuses light on the retina to produce clear images.