Saving Is Not a Problem in the Classical Model Because

question 7

Multiple Choice

Saving is not a problem in the classical model because

• A)the classical economists assume that saving was beneficial to people for retirement.
• B)saving would be spent by consumers eventually.
• C)interest rates are flexible, and savings were channeled into investment.
• D)savers and investors are the same people.

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Definitions:

Biologically Informed

Approaches or theories that incorporate knowledge from biological sciences to understand behavior and mental processes.

Eye Contact

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A tool used to assess the social climate and environmental factors within correctional facilities.

Specific Prejudice

Bias or prejudgment against a particular group or individual based on specific characteristics.