Which of the Following Are Beliefs of Classical Theory

question 53

Multiple Choice

Which of the following are beliefs of classical theory?

• A) Long-run full employment.
• B) Inflexible wages.
• C) Inflexible prices.
• D) All of the above.

---

Definitions:

Values Formation

The process through which individuals develop their set of personal principles, morals, and ideals, often influenced by their surroundings, experiences, and education.

Modeling

The act of demonstrating a behavior, attitude, or skill with the intent that others will observe and learn to emulate it.

Corporate Crime

Illegal acts committed by a company or its employees that are intended to enhance the company’s performance or profits.

Corporate Ethics

Principles and standards that guide behavior in the world of business, ensuring fairness, transparency, and integrity in all operations.