Which of the following is a building block of neoclassical economics?
A. the size of the economy is determined by real GDP
B. sticky wages and prices
C. aggregate demand model
D. wages and prices will adjust in a flexible manner
Answer:D
Which of the following is a building block of neoclassical economics?
A. the size of the economy is determined by real GDP B. sticky wages and prices C. aggregate demand model D. wages and prices will adjust in a flexible manner
Explanation: Type: Multiple Choice