The classical economist’s solution to the Great depression was A) reduce the wage rate, B) increase aggregate demand, C) increase the money supply. Explain your choice. The Keynes major problem with the classical model was that: A) it focused too much on money, B) it was a short run model, C) it lacked a reasonable disequilibrium adjustment mechanism. Explain your choice.

The classical economist’s solution to the Great depression was A) reduce the wage rate, B) increase aggregate demand, C) increase the money supply. Explain your choice. The Keynes major problem with the classical model was that: A) it focused too much on money, B) it was a short run model, C) it lacked a reasonable disequilibrium adjustment mechanism. Explain your choice.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter26: Monetary Policy

Section26.3: Comparison Of Macroeconomic Views

Problem 2.2YTE

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