Which One of the Following Statements Is True

question 198

Multiple Choice

Which one of the following statements is true?

• A) The classical model cannot explain periods of prolonged unemployment.
• B) The Keynesian model cannot explain periods of prolonged unemployment.
• C) The Keynesian model assumes complete flexibility of wages and prices.
• D) The Keynesian model shows that the level of real GDP is supply-determined.

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Definitions:

National Association

A large organization operating at a national level, representing the interests or concerns of its members within a specific profession, industry, or cause.

Ethical Conduct

Behavior that is in accordance with accepted principles of right and wrong governing the professional and personal actions of individuals.

Collaborate with Families

Working cooperatively with family members to achieve common goals or address issues.

Divorce Rates

The statistical measure of the number of divorces occurring among a population within a given time period.