Business, 01.03.2021 20:50 atkinsonsinbraz

In this chapter you learned about one of the major debates in macroeconomics between classical and Keynesian economists—whether or not the macroeconomy has a natural adjustment mechanism that brings the economy back to long-run equilibrium. Which of the following would classical economists believe, and which of the following would Keynesian economists believe? Items (5 items) (Drag and drop into the appropriate area below) Cyclical unemployment is the norm. Prices are sticky. The long run is the key time period. Savings is crucial to economic growth. Supply is the key side of the market.

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In this chapter you learned about one of the major debates in macroeconomics between classical and K...

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