The classical model assumes that wages and prices A. are flexible in the long run but not in the short run. B. are always completely flexible. C. are flexible upwards but not flexible downwards. D. are flexible downwards but not flexible upwards.
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Home » Business » The classical model assumes that wages and prices A. are flexible in the long run but not in the short run. B. are always completely flexible. C. are flexible upwards but not flexible downwards. D. are flexible downwards but not flexible upwards.