Q: How Many Economists Does It Take to Screw in a Light

question 2

Multiple Choice

Q: How many economists does it take to screw in a light bulb? A: None. If the light bulb really needed changing, market forces would have already caused it to happen.
This joke represents the view of

• A) classical economists.
• B) Keynesian economists.
• C) economists who conclude that money illusion is widespread.
• D) economists who conclude that wages and prices are inflexible.

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Definitions:

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