incorrectly forecasting what will happen to the price level and employment. Question 2 Which of the following statements is true about classical economists? Their theories shed little insight on the economy today because modern issues and concerns are so different from those described in their earlier writings. They did not believe in the neutrality of money. They may have shared some ideas in common, but their views were far from uniform. They represent a large and cohesive group of economists who agreed with David Ricardo concerning wage and price flexibility in both the short run and the long run. Question 3 F7 F8 F9 144 1 pts /11 1p F11 incorrectly forecasting what will happen to the price level and employment. Question 2 Which of the following statements is true about classical economists? Their theories shed little insight on the economy today because modern issues and concerns are so different from those described in their earlier writings. They did not believe in the neutrality of money. They may have shared some ideas in common, but their views were far from uniform. They represent a large and cohesive group of economists who agreed with David Ricardo concerning wage and price flexibility in both the short run and the long run. Question 3 F7 F8 F9 144 1 pts /11 1p F11