Which of the Following Economic Statements Would a Classical Economist

question 6

Multiple Choice

Which of the following economic statements would a classical economist tend to support?

• A) The short run deserves more focus than the long run.
• B) The market tends to stability and full employment.
• C) Savings is a drain on aggregate demand and can reduce economic growth.
• D) Government intervention is often necessary to stimulate or moderate economic performance.
• E) Prices tend to be rigid and inflexible.

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Definitions:

Prejudice

Preconceived opinion or bias against an individual or group without sufficient knowledge or justification.

Defiant Behaviour

Actions or attitudes that challenge authority, rules, or norms, often resulting in conflict or resistance.

Workplace

Premises or location where people engage in work activities or employment.

Glass-Ceiling Effect

An invisible barrier in organizations that prevents minorities and women from being promoted to leadership positions, regardless of their qualifications or achievements.