Classical Economists Believed All of the Following EXCEPT That

question 110

Multiple Choice

Classical economists believed all of the following EXCEPT that:

• A)there could be temporary periods of unemployment.
• B)emphasis should be on the long run, and in the long run all would be set right because of the smooth functioning of the price system.
• C)the Great Depression would be a short-run aberration.
• D)monetary policy could tame the business cycle.

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Definitions:

Torture

The act of inflicting severe pain or suffering on someone, often to punish, coerce, or obtain information.

Blame Others

The act of attributing responsibility for one's own or shared problems or negative outcomes to other individuals or entities.

Cyber Bully

The use of electronic communication to bully a person, typically by sending messages of an intimidating or threatening nature.

Passive Opposition

Behaviors characterized by non-active resistance or non-cooperation, especially in response to authority or control.