Economics · Macroeconomics
Arrange the following in the correct sequence to explain the determination of national income under the Classical model: A) The market clears as wages and prices adjust. B) Aggregate demand determines the price level without changing real output. C) Output is determined by the available factors of production and technology. D) Full employment is assumed in the long run.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B – C – D – A
- 2A – C – B – D
- 3D – A – C – B
- 4C – D – A – B✓
Correct answer
C – D – A – B
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