The Classical Economists Argued That Saving Is Matched by an Equal

question 172

Multiple Choice

The classical economists argued that saving is matched by an equal amount of investment because of

• A) wage flexibility.
• B) price flexibility.
• C) money flexibility.
• D) interest rate flexibility.
• E) b and c

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Definitions:

Dollar Strengthened

A condition where the U.S. dollar increases in value compared to other currencies in the global market.

Foreign Currencies

Currencies used in a country other than one's own, involved in foreign exchange trading and international transactions.

British Pound

The official currency of the United Kingdom, also known as GBP.

American Options

Options contracts that allow the holder to exercise the option at any time up to and including the expiration date.