Classical Economists Believe Aggregate Spending Adjusts Quickly to Equal Full-Employment

question 63

True/False

Classical economists believe aggregate spending adjusts quickly to equal full-employment output.

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Definitions:

Sick Leave

Paid or unpaid time off from work that an employee is allowed to use to recover from illness or seek medical treatment.

Mutual Respect

The positive consideration or regard that two people have for each other.

Self-Disclosure

A process through which an individual shares personal, private information or feelings with others.

Genuineness

The quality of being open, honest, and authentic in one's interactions with others, without pretense.