Which of the Following Economic Statements Would a Classical Economist

question 70

Multiple Choice

Which of the following economic statements would a classical economist tend to support?

• A) Savings is crucial to economic growth because it leads to investment in productive capital.
• B) Government intervention is often necessary to stimulate or moderate economic performance.
• C) Aggregate demand is the most important side of the economy.
• D) Savings is a drain on aggregate demand and can reduce economic growth.
• E) The short run is far more important than the long run.

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Definitions:

Proactive Influence Tactics

Strategies aimed at changing the attitudes or behavior of others in an anticipatory and initiative-taking manner.

Commitment To Requests

The extent to which an individual is willing to comply with or fulfill requests made by others.

Influence Attempts

Actions or strategies employed by individuals or groups to sway or alter another's decisions, behavior, or perspectives.

Networking

The act of interacting with others to exchange information and develop professional or social contacts.