A Basic Feature of the Classical System of Self-Regulating Markets

question 154

Multiple Choice

A basic feature of the classical system of self-regulating markets was that

• A)overproduction and unemployment would cause prices and wage rates to increase.
• B)flexible wages and prices would eliminate unemployment and overproduction.
• C)overproduction would never occur.
• D)an increase in saving would cause an increase in the interest rate and a decrease in investment spending.
• E)rising unemployment caused wage rates to rise,which reduced the demand for labor.

---

Definitions:

Base of Support

The area beneath an object or person that includes every point of contact that the object or person makes with the supporting surface.

Center of Gravity

The point in a body or system around which its mass or weight is evenly distributed or balanced.

Patient Transfer

The process of moving a patient from one location to another within or between healthcare facilities.

Cerebrovascular Accident

Also known as a stroke, it is a medical condition where there is a sudden death of brain cells due to lack of oxygen, caused by blockage or rupture of an artery to the brain.