The_____ Believe That It Takes a Long Time for Prices

question 33

Multiple Choice

The_____ believe that it takes a long time for prices and wages to change to restore equilibrium in an economy.

• A)Keynesians
• B)classical economists
• C)monetarists
• D)institutional economists

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Definitions:

Food And Drug Administration

A federal agency responsible for protecting public health by regulating food safety, pharmaceutical drugs, medical devices, and cosmetics.

Authority

The legal right or power granted to an individual or organization to perform actions or make decisions in a particular domain.

Agency Request

A formal appeal or demand made by an agency for something to be given, supplied, or performed.

Facilities

Buildings, services, equipment, etc., provided for a particular purpose, such as healthcare, education, or sport.