Which of the Following Is Consistent with the Classical Position

question 127

Multiple Choice

Which of the following is consistent with the classical position on wages and prices?

• A) Wages and prices are inflexible in the downward direction,but not in the upward direction.
• B) Wages are inflexible in the downward direction,but prices are flexible.
• C) Wages and prices are flexible.
• D) Prices are inflexible in the downward direction,but wages are flexible.

---

Definitions:

Avoid Conflict

The practice or strategy of preventing or minimizing disputes, disagreements, or confrontations.

Positive Thinking

A mental attitude focusing on optimism and constructive outcomes, which can influence one's stress level and overall health.

Conflict Resolution

The process of resolving disputes or conflicts through communication, negotiation, or other means.

One Side

Typically refers to considering or taking into account only one aspect or perspective of a situation or argument, often leading to a biased or incomplete understanding.