Which of the Following Is Consistent with the Classical Position

question 127

Multiple Choice

Which of the following is consistent with the classical position on wages and prices?

• A) Wages and prices are inflexible in the downward direction,but not in the upward direction.
• B) Wages are inflexible in the downward direction,but prices are flexible.
• C) Wages and prices are flexible.
• D) Prices are inflexible in the downward direction,but wages are flexible.

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Definitions:

Permanent Brain Damage

Irreversible injury to the brain tissue that affects cognitive, physical, or emotional functioning, often resulting from trauma, lack of oxygen, or neurological illness.

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Any disorder, illness, or disease that affects the body or mind’s normal functioning.

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An acute mental disturbance characterized by confusion, disorientation, and disrupted attention and cognition, often with a sudden onset.

Major Neurocognitive Disorder

A decline in cognitive function significant enough to interfere with a person’s independence and daily activities, often related to dementia or Alzheimer's disease.