Which of the Following Statements Is Correct? I

question 219

Multiple Choice

Which of the following statements is correct? I. If other factors are held constant, the level of employment in the economy determines real Gross Domestic Product (GDP) .
II) According to classical economists, only voluntary unemployment exists in the long run.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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