Which of the Following Is Not Part of Classical Economic

question 180

Multiple Choice

Which of the following is not part of classical economic theory?

• A)Saving depends upon the rate of interest.
• B)Full employment is the norm in laissez-faire capitalism.
• C)Wages and prices are inflexible downward.
• D)The equilibrium interest rate equals saving and investment.
• E)Supply creates its own demand.

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Definitions:

Negative Situation

An unfavorable or adverse condition, setting, or circumstance which may cause stress or harm.

Malevolent Authority

An authority figure or governing body that uses their power or influence to cause harm, pain, or misery.

Task-Relationship Model

A framework in leadership that emphasizes the importance of balancing task orientation (achieving goals) with relationship orientation (maintaining interpersonal relationships) for effective leadership.

Leaders

Individuals who guide or direct a group, organization, or country towards achieving collective goals, often through inspiration, vision, and ensuring team cohesion.