The Classical Economists Believed in All of the Following EXCEPT

question 152

Multiple Choice

The classical economists believed in all of the following EXCEPT:

• A)The interest rate,which was determined in the loanable funds market,would equate savings and investment.
• B)The savings of households would all be borrowed and invested by businesses.
• C)Equilibrium GDP and full employment GDP are rarely equal.
• D)Laissez-faire was the best policy a government could pursue.

Grasp the principles and importance of standing in legal suits, particularly related to environmental law.

Understand the federal government's strategies to reduce greenhouse gas emissions through transportation policies.

Recognize the implications of antitrust laws and practices on major technology companies.

Understand the concept of giving legal personhood to natural entities and the arguments for it.

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Definitions:

Apprising

Influence tactic in which influence agent explains how carrying out a request or supporting a proposal will benefit the target personally, including advancing the target’s career.

Influence Tactic

An Influence Tactic involves strategies or methods used by individuals or leaders to guide or shape others' beliefs, attitudes, or behaviors towards desired outcomes.

Business Plan

A formal document detailing a company's objectives, strategies, market analysis, financial forecasts, and operational structure, aimed at providing a roadmap for success and securing funding.

Alliance

A formal agreement or partnership between two or more parties to pursue a set of agreed upon objectives while remaining independent organizations.