According to the Classical View in Economics, Which Variable or Policy

question 192

Multiple Choice

According to the classical view in economics, which variable or policy can influence economic growth in the long run?

• A) an increase in capital stock
• B) an increase in money supply
• C) an increase in unemployment benefits
• D) an increase in nominal interest rates

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Definitions:

Sales Commission

A form of incentive pay calculated as a percentage of the sales an employee generates for the business.

Behavior Modification

A technique aimed at changing or shaping individuals' behavior through the use of reinforcement or punishment.

Experiential Learning

A learning process through direct experience, allowing individuals to acquire knowledge, skills, and values from real-life activities.

Reflecting

The process of thoughtfully considering one's own experiences and actions to learn from them.