The Condition of Fully Flexible Wages and Prices Was Assumed

question 106

Multiple Choice

The condition of fully flexible wages and prices was assumed by

• A) the classical economists.
• B) the Keynesian economists.
• C) modern economists.
• D) no economists.

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Definitions:

Half-hearted Attempts

Efforts or actions carried out with minimal enthusiasm or commitment.

Learned Helplessness

A psychological condition in which a person has learned to believe they are powerless in a particular situation, often as a result of repeated failure or inability to control outcomes.

Unsolvable Problems

Issues or challenges that cannot be resolved or fixed, often leading to feelings of frustration or helplessness.

Aversive Training

A behavioral training technique that involves using unpleasant stimuli to discourage undesirable behaviors.