Which of these is the key assumption of the Neoclassical school of economic thought? Question 13 options: a) An economy is self- adjusting in the long run. b) Wages and prices are sticky downward. c) Labor is the source of wealth in an economy. d) Economic agents are irrational in behavior.

EBK HEALTH ECONOMICS AND POLICY
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Chapter14: Medical Care Systems Worldwide
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Which of these is the key assumption of the
Neoclassical school of economic thought?
Question 13 options: a) An economy is self-
adjusting in the long run. b) Wages and
prices are sticky downward. c) Labor is the
source of wealth in an economy. d)
Economic agents are irrational in behavior.
Transcribed Image Text:Which of these is the key assumption of the Neoclassical school of economic thought? Question 13 options: a) An economy is self- adjusting in the long run. b) Wages and prices are sticky downward. c) Labor is the source of wealth in an economy. d) Economic agents are irrational in behavior.
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