Which of the Following Is a Difference in the Views

question 7

Multiple Choice

Which of the following is a difference in the views of Keynesian and classical economists?

• A)Keynesians believe that prices and wages adjust quickly, whereas the classicals believe they adjust slowly.
• B)Keynesians believe that policymakers have full knowledge about the state of an economy, whereas the classicals believe they don't.
• C)Keynesians believe that policymakers cannot offset shocks to an economy, whereas the classicals believe they can.
• D)Keynesians believe that most shocks to an economy are to long-run aggregate supply, whereas the classicals believe the shocks are to aggregate demand.

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The visible features of an area of land, including the physical elements of landforms, water bodies, living elements, and human elements such as structures and buildings.

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The act of withdrawing, cancelling, or rescinding a right, offer, contract, or privilege.

Contract Exist

The state in which an agreement has the necessary elements of offer, acceptance, and consideration, making it legally enforceable.

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A seller or provider of goods and services who presents an offer in a commercial transaction, especially one with expertise or professional standing in the transaction's subject matter.