One tenet of the classical view of the labour market is that the wage changes needed to clear it happen how?

Correct answer B. Quickly

Explanation

Classical economists assume flexible wages that respond quickly to surpluses or shortages of labour, keeping the market close to equilibrium.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.