According to Classical Economists

question 52

Multiple Choice

According to classical economists

• A) the aggregate demand shocks are the source of business cycles.
• B) the aggregate supply shocks are the source of business cycles.
• C) the aggregate demand shocks have long-run effects on output.
• D) the aggregate supply curve is horizontal.

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Definitions:

Particular Negative

A logical statement that asserts the non-existence of some instances of a class or category.

Universal Affirmative

A logical statement that asserts something is true of all members of a particular category or class.

Categorical Propositions

Statements that assert or deny something about all members of a category, involving a subject and a predicate that relates to the subject.

Standard Form

A method of presenting arguments in a clear and logical structure, often aligning premises and conclusion to highlight logical flow.