(Solution Download) 1 Economic models that assume that wages and prices adjust


1. Economic models that assume that wages and prices adjust freely to changes in demand and supply are known as______ models.
2. At full employment, there are only frictional and ____________ unemployment.
3. The classical school of thought came to its fruition during the Great Depression. __________ (True/False)
4. There is no unemployment__________ at full employment.

 







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