A Classical Economist Believes That

question 328

Multiple Choice

A classical economist believes that

• A) if the economy was left alone, it would rarely operate at full employment.
• B) the economy is self-regulating and always at full employment.
• C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
• D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.

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Definitions:

Reduce Risks

Strategies or actions taken to lower the probability of loss or the impact of adverse outcomes.

Product Development

Product development is the process of bringing a new product to market, including the conception, design, and manufacture of products that meet consumer needs and preferences.

Market Penetration

A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.

More Resources

Refers to an increase in the availability of materials, finances, or other assets that are necessary for achieving objectives or completing tasks.