Homework answers / question archive / Which of the following is not one of the features of the Neo-Classical macroeconomic model? A) All markets are characterized by perfect competition B) Wages and prices are fully flexible C) Total production is determined by aggregate demand D) Consumption is a function of interest rate

Which of the following is not one of the features of the Neo-Classical macroeconomic model? A) All markets are characterized by perfect competition B) Wages and prices are fully flexible C) Total production is determined by aggregate demand D) Consumption is a function of interest rate

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Which of the following is not one of the features of the Neo-Classical macroeconomic model?

A) All markets are characterized by perfect competition

B) Wages and prices are fully flexible

C) Total production is determined by aggregate demand

D) Consumption is a function of interest rate