Classical Economists Assume That

question 12

Multiple Choice

Classical economists assume that

• A)Spending leakages exceed spending injections.
• B)Interest rate adjustment will cause business investment to equal consumer saving.
• C)The economy might experience persistent macro instability.
• D)No leakages would occur.

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Definitions:

Rank Correlation Coefficient

A measure that assesses the degree of association between two ranked variables.

Quantitative Data

Numerical data that can be measured or counted, often used in statistical analysis to quantify behaviors, opinions, or other defined variables.

Linearly Related

A term describing two or more variables that change together in a way that can be represented with a straight line in a graph.

Spearman Rank Correlation

A statistic used to measure the strength and direction of association between two ranked variables.