Which of the Following Is NOT an Assumption of the Classical

question 10

Multiple Choice

Which of the following is NOT an assumption of the classical system?

• A) Pure competition exists.
• B) People are motivated by self interest.
• C) Wages and prices are inflexible.
• D) There is no money illusion.

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Information stored about individuals or organizations, typically including names, addresses, phone numbers, and email addresses, used for communication purposes.

Businesses

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

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