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In the classical theory, one of the following is an important assumption:

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Question:

In the classical theory, one of the following is an important assumption:

A.

Wages and prices are inflexible

B.

There is full employment

C.

Agents are price setters

D.

Adjustment is through quantity.

Answer» b. There is full employment

Note: The above multiple-choice question is for all general and Competitive Exams in India.