View the step-by-step solution to:

Question

This question was created from Introduction to Macroeconomics _ 2.pdf https://www.coursehero.com/file/30364888/Introduction-to-Macroeconomics-2pdf/

30364888-314177.jpeg
30364888-314177.jpeg

Which of the following is not true about the classical economists‘ argument? They believe the problem of unemployment will be fixed when the market corrects itself.
They advocate the use of fiscal policy to stabilize the economy.
- They tend to be more concerned about inflation. They believe that the aggregate supply curve is vertical. Incorrect. According to classical economists, AS is vertical, so a government-imposed AD shift could bring about the
problem of inflation.

Top Answer

They believe that the... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question