Which of the Following Is True of the Classical Model

question 43

Multiple Choice

Which of the following is true of the classical model?

• A)Changes in aggregate demand does not have any impact on the aggregate price level.
• B)The aggregate supply curve is perfectly elastic.
• C)An increase in aggregate demand increases the price level, output remaining unchanged.
• D)Changes in aggregate demand determines the equilibrium output of the economy.
• E)Real GDP and price level remain unchanged irrespective of changes in aggregate demand and supply.

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Definitions:

Disease Prevention

Measures taken to prevent the occurrence of disease or reduce its impact.

Health Promotion

Activities or interventions aimed at enhancing well-being and preventing health problems by encouraging healthy behaviors.

Family Hardiness

The strength and resilience a family exhibits in the face of stress and adversity, contributing to their ability to cope and adapt.

Resiliency

The ability to recover quickly from difficulties; mental toughness and adaptability in the face of adversity.