Which of the following is not one of the four major assumptions of the classical model?
A.
People suffer from money illusion.
B.
Pure competition exists.
C.
People are motivated by self-interest.
D.
Wages and prices are flexible
A.
People suffer from money illusion.
B.
Pure competition exists.
C.
People are motivated by self-interest.
D.
Wages and prices are flexible