To Classical Economists,it Is Always True That

question 49

Multiple Choice

To classical economists,it is always true that

• A)there is zero unemployment.
• B)actual output is always equal to potential output.
• C)excess demand for goods is possible unless prices are forced to fall.
• D)the marginal product of labor exceeds the real wage.

---

Definitions:

Trophoblast

Cell layer forming the outer layer of the blastocyst, which erodes the uterine mucosa during implantation; the trophoblast does not become part of the embryo but contributes to the formation of the placenta.

Gastrula

An early embryonic stage following the blastula, characterized by the formation of three primary germ layers that will develop into different tissues and organs.

Developmental Events

Significant occurrences or processes that contribute to the growth or maturation of an organism at any stage in its life cycle.

Conception

The process of fertilization where a sperm fuses with an ovum, resulting in the formation of a zygote and the beginning of pregnancy.