According to the Classical View in Economics, Which Variable or Policy

question 192

Multiple Choice

According to the classical view in economics, which variable or policy can influence economic growth in the long run?

• A) an increase in capital stock
• B) an increase in money supply
• C) an increase in unemployment benefits
• D) an increase in nominal interest rates

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Definitions:

Learning Curve

The graphical representation of how an individual's or organization's performance improves over time with experience.

Project Manager

A professional responsible for planning, executing, and closing projects, ensuring they are completed on time, within budget, and to scope specifications.

Log-Log Graph

A graph where both the x-axis and y-axis are on a logarithmic scale, used to display the relationship between variables where changes are multiplicative.