The Classical Economists Argued That Planned Saving and Planned Investment

question 19

Multiple Choice

The classical economists argued that planned saving and planned investment will always be equal because of changes in

• A) the level of real disposable income.
• B) the interest rate.
• C) the price level.
• D) wages.

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Definitions:

Mental Creativity

The ability to generate innovative ideas, solutions, or artistic expressions, demonstrating human imagination and original thought.

Real Property

Land and anything permanently affixed to it, such as buildings and other structures.

Fealty

A medieval concept referring to the loyalty and duty of a vassal to a lord, often associated with the feudal system.

Cross-Licensing

An illegal contractual arrangement in which two or more parties license each other to use their specified intellectual property only on the condition that neither licenses anyone else to use the property without the other’s consent.