According to Classical Economists,changes in Aggregate Demand Have Little Effect

question 88

Multiple Choice

According to classical economists,changes in aggregate demand have little effect on the overall economy,and therefore

• A) the government will need to stimulate aggregate demand.
• B) long-run aggregate supply is the primary source of economic growth.
• C) prices are quite rigid and inflexible.
• D) unemployment will tend to persist over time.
• E) long-run aggregate supply is irrelevant in determining growth.

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Definitions:

Chitins

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, and a primary component of the cell walls of fungi and the exoskeletons of arthropods.

Annelids

A phylum of invertebrate animals known as segmented worms, which includes earthworms, leeches, and their relatives, characterized by a segmented body and a coelom.

Two Openings

Refers to organisms with a digestive system that has a distinct mouth and anus, allowing for a one-way flow of food and waste.

Cnidarians

A phylum of aquatic invertebrates known for their distinctive body structure with a jelly-like substance called mesoglea, radial symmetry, and specialized cells called cnidocytes.