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Economics

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2. The classical approach to macroeconomics assumes that A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets. B) wages and prices adjust quickly to balance quantities supplied and demanded in markets. C) prices, but not wages, adjust quickly to balance quantities supplied and demanded in markets. D) neither wages nor prices adjust quickly to balance quantities supplied and demanded in markets.

3. The Bigdrill company drills for oil, which it sells for 200 million to the Bigoil company to be made into gas. The Bigoil company's gas is sold for a total of 600 million. What is the total contribution to the country's GDP from companies Bigdrill and Bigoil? A) 200 million B) 400 million C) 600 million D) 800 million