The Classical Economists Believed That If Saving Exceeded Investment,the ____________

question 186

Short Answer

The classical economists believed that if saving exceeded investment,the ____________.

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Definitions:

Contrast Effect

A cognitive bias in which the evaluation of something is influenced by comparisons with other similar entities that differ in some aspects.

Contrast Effect

The enhancement or diminishment of perception, judgment, or behavior resulting from comparisons with recently encountered contrasting or dissimilar stimuli.

Achievement Motivation

The drive to pursue and meet goals, ranging from personal ambitions to professional objectives.

Competitive Play

A form of play that involves rivalry between participants, governed by rules and often aiming towards a win/lose outcome.