The Classical Economists Argued That Saving Is Matched by an Equal

question 172

Multiple Choice

The classical economists argued that saving is matched by an equal amount of investment because of

• A) wage flexibility.
• B) price flexibility.
• C) money flexibility.
• D) interest rate flexibility.
• E) b and c

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Definitions:

Span of Control

The number of subordinates that a manager or leader can efficiently manage and oversee.

Centralisation

Centralisation is the concentration of authority for most decisions at the top level of an organisation.

Functional Authority

The right granted to individuals or departments to make decisions and issue directives within a specific area of expertise.

Subsystems Design

The process of designing parts of a system that can function independently but contribute to the overall performance and objectives of the whole system.