Classical Economists Argued That

question 48

Multiple Choice

Classical economists argued that

• A) there would always be an excess of saving over investment.
• B) workers had money illusion.
• C) excess savings would create unemployment.
• D) a flexible interest rate would make saving equal to investment.

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Definitions:

Physi/o

A prefix in medical terminology that relates to nature or the physical body.

Immune Response

The body's defense mechanism against foreign substances or pathogens, involving recognition, response, and memory components of the immune system.

Medication

Substances used to treat or prevent diseases and conditions.

Ambi-

A prefix meaning both, indicating inclusivity or both sides, used in various scientific and medical terminologies.