Which of the Following Statements Is Correct? I

question 219

Multiple Choice

Which of the following statements is correct? I. If other factors are held constant, the level of employment in the economy determines real Gross Domestic Product (GDP) .
II) According to classical economists, only voluntary unemployment exists in the long run.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

1933-1940

A specific time period noted for significant global and political events, including the depths of the Great Depression and the lead-up to World War II.

Percent

A part or other object per hundred, used in mathematics and statistics to describe proportions.

Political Trends

Prevailing directions or patterns of change within the political landscape, reflecting shifts in public opinion, policy-making, and electoral behavior over time.

Fascist Movements

Political movements characterized by dictatorial power, forcible suppression of opposition, as well as strong regimentation of society and the economy.