Which of the Following Did Classical Economists Believe Caused Depressions

question 97

Multiple Choice

Which of the following did classical economists believe caused depressions and high unemployment?

• A)Sticky product prices
• B)Tax increases
• C)Business expectations
• D)Sticky wages
• E)Sticky interest rates

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Definitions:

Public Accountants

Accounting professionals who provide services such as auditing, tax preparation, and consulting to the general public.

Management Consulting

Professional services that aim to help organizations improve their performance, primarily through the analysis of existing organizational problems and development of plans for improvement.

Luca Pacioli

Known as the father of accounting and bookkeeping, he was the first to publish a work on the double-entry system of bookkeeping.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business, used to track income and expenses and provide financial information.