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.

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Definitions:

Listening Skill

The capability to precisely understand and decipher messages throughout the process of communication.

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Effective Listeners

Individuals who actively engage in listening, demonstrating understanding, and providing feedback to the speaker.