Which of the Following Schools of Thought Stressed on a Fixed-Price

question 46

Multiple Choice

Which of the following schools of thought stressed on a fixed-price model for macroeconomic equilibrium?

• A)Traditional Keynesians
• B)New Keynesians
• C)Monetarists
• D)Classical economists
• E)New classical economists

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Definitions:

3-D Printers

Devices that create three-dimensional objects by layering material according to digital models, used in various industries for prototyping, manufacturing, and hobbyist projects.

Factory Costs

The total expenses incurred in the manufacturing process, including labor, materials, and overhead costs.

Economies of Scale

Advantages in terms of costs that companies realize by enlarging their scale of operations, with the unit cost of production generally falling as the scale increases.

Total Product

The overall quantity of output that a firm produces, usually within a given period of time, based on the input of resources.