According to Classical Theory, National Income Depends on ______, While

question 48

Multiple Choice

According to classical theory, national income depends on ______, while Keynes proposed that ______ determined the level of national income.

• A) aggregate demand; aggregate supply
• B) aggregate supply; aggregate demand
• C) monetary policy; fiscal policy
• D) fiscal policy; monetary policy

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Definitions:

Monocot

Refers to monocotyledons, a group of flowering plants that possess one embryonic leaf or cotyledon in their seeds.

Epidermis

The outermost layer of cells in plants and animals, serving as a protective barrier against environmental damage.

Cuticle

A protective and waterproof outer layer of a plant or arthropod, composed of organic material and often preventing water loss.

Vascular Cambium

Vascular cambium is a layer of dividing cells in plants, located between the xylem and phloem, responsible for the secondary growth that increases the thickness of stems and roots.