If Asked About the Basic Functioning of the Economy,a Classical

question 39

Multiple Choice

If asked about the basic functioning of the economy,a classical economist would claim that

• A) the market tends toward stability and full employment.
• B) the market tends toward instability and cyclical unemployment.
• C) prices are sticky.
• D) the economy needs help in moving back to full employment.
• E) the short run is more significant than the long run.

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Definitions:

Inflammatory Response

The body's defense mechanism against harmful stimuli such as pathogens, damaged cells, or irritants, resulting in redness, heat, swelling, and pain.

Sebum

An oily substance produced by the sebaceous glands that helps to keep the skin and hair moisturized.

Integumentary System

Organ system of humans that contains the skin, protects the body, synthesizes sensory input, assists in temperature regulation, and synthesizes vitamin D.

Acidic

Having a pH less than 7, characterized by the ability to donate protons or hydrogen ions.