Classical economists held the view

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Reference no: EM131193545

1. Classical economists held the view that:

A. demand creates its own supply

B. unemployment was temporary and soon eliminated

C. there was an imbalance between saving and investment

D. it is difficult for an economy to adjust because wages and prices are inflexible.

2. If a nation imports more than it exports, then its balance of trade is:

A. positive

B. negative

C. zero

D. unstable

Reference no: EM131193545

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