One of the Most Important Views Expressed by Classical Macroeconomists

question 97

Multiple Choice

One of the most important views expressed by classical macroeconomists was that:

• A) Wages and prices are inflexible
• B) Wages and prices are always rising
• C) Demand creates its own supply
• D) Supply creates its own demand

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Definitions:

Automatic Variables

Automatic variables are local to the block in which they are defined and are automatically created and destroyed upon entering and exiting the block, respectively.

Alive

In computing, often refers to a process or entity that is currently active or running.

Local Static Variables

Variables defined within a function that maintain their value between function calls and are initialized only once.

Existence

The fact or state of living or having objective reality.