Question

True or False: Classical economists said that markets are highly competitive. In the Classical model monetary...

True or False:

Classical economists said that markets are highly competitive.

In the Classical model monetary policy is cannot change AD.

Classical Economists claim wages and prices adjust rapidly to new conditions.

Classical influence starts to wane during the 1960s.

Laissez-faire means the government can do anything it wants to the economy.

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Answer #1

Question:- Classical economists said that markets are highly competitive.

Answer:- True

Question:- In the Classical model monetary policy is cannot change AD.

Answer:- True

Question:- Classical Economists claim interest rates guarantee that savings will equal investment.

Answer:-  False

Question:-Classical influence starts to wane during the 1960s.

Answer:- True

Question:- Laissez-faire means the government can do anything it wants to the economy.

Answer:- False

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