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:

Focal Objects

Objects that are the primary focus of attention in a given context, often standing out due to their salience or importance.

Cognitive Theories

Psychological theories that emphasize internal states, such as motivation, problem-solving, decision-making, and thinking.

Language Acquisition Device

A hypothetical mechanism in the brain that Noam Chomsky proposed allows humans to acquire language naturally.

Noam Chomsky

An American linguist, philosopher, cognitive scientist, historian, social critic, and political activist known for his theory of generative grammar.