Classical Economists Stress the Importance of Aggregate ________ and Generally

question 150

Multiple Choice

Classical economists stress the importance of aggregate ________ and generally believe that the economy ________ to reach full-employment equilibrium on its own.

• A) supply and demand; needs help
• B) demand; needs help
• C) supply; needs help
• D) demand; does not need help
• E) supply; does not need help

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Definitions:

Abraham Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Carl Rogers

An influential American psychologist who developed client-centered therapy and emphasized the importance of a positive self-concept.

Affiliation Motivation

A psychological concept referring to the drive to relate to people on a social basis.

Neuroscience

The scientific study of the nervous system, aiming to understand the biological basis of behavior, thought, and emotion.