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Classical approach to macroeconomics

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Reference no: EM131043405

The classical approach to macroeconomics assumes that

A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.

B) wages and prices adjust quickly to balance quantities supplied and demanded in markets.

C) prices, but not wages, adjust quickly to balance quantities supplied and demanded in markets.

D) neither wages nor prices adjust quickly to balance quantities supplied and demanded in markets.

Reference no: EM131043405

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