The Classical Economists Assumed

question 37

Multiple Choice

The classical economists assumed

• A) That the volume of final output is fixed at the full-employment level in the long-run
• B) The velocity of money is constant
• C) The velocity of money depends on physical,structural,and institutional factors
• D) All of the above

---

Definitions:

Low Performers

Individuals or employees who do not meet the established performance standards of an organization.

Skill-Based Pay

Rewards people for acquiring and developing job-relevant skills.

Cross-Training

A method in which employees are trained to perform several different functions or roles within an organization, enhancing flexibility and workforce efficiency.

Training Costs

The expenses incurred in the process of developing the skills and knowledge of employees.