Which of the following is true according to the Neo-Classical macroeconomic model? A) In the long-run equilibrium, the unemployment rate is zero percent. B) Government interventions are required and helpful. C) A capitalist economy automatically adjusts to the full-employment equilibrium in the long-run. D) In the long-run equilibrium, aggregate demand is greater than aggregate supply

Which of the following is true according to the Neo-Classical macroeconomic model? A) In the long-run equilibrium, the unemployment rate is zero percent. B) Government interventions are required and helpful. C) A capitalist economy automatically adjusts to the full-employment equilibrium in the long-run. D) In the long-run equilibrium, aggregate demand is greater than aggregate supply

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical

Section: Chapter Questions

Problem 10E

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