The classical model
A) relies on the equivalency of the labor,capital,and land resource markets
B) includes a land market and a labor market
C) focuses primarily on capital markets
D) focuses primarily on labor markets
E) focuses on labor,capital,and land markets
Correct Answer:
Verified
Q19: According to classical economics,
A) the economy moves
Q20: The classical model
A) is another name for
Q21: The labor supply curve shows
A) how much
Q22: If the actual real wage exceeds the
Q23: Markets clear
A) in the short run
B) when
Q25: The desire for goods and services is
A)
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