Neoclassical economic models assume that prices and wages are flexible in the long run.Question 24Answera.Trueb.False
Question
Solution 1
a. True
Neoclassical economic models do assume that prices and wages are flexible in the long run. This is based on the belief that markets are competitive and will self-adjust to equilibrium levels over time. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to so
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