The classical model makes little distinction between the long run and short run because . Question 16 options: the classical economists knew that we are always operating in the short run. wages and prices adjust so fast that the economy is quickly moving towards the long run. the model has not been fully developed yet. current changes influence the long run, so it is not possible to plan for the future.

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The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?