Classical Economists Argued That

question 48

Multiple Choice

Classical economists argued that

• A) there would always be an excess of saving over investment.
• B) workers had money illusion.
• C) excess savings would create unemployment.
• D) a flexible interest rate would make saving equal to investment.

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Definitions:

Stimulus

A change in the environment that influences or prompts a response in an organism.

Display

In social science, it refers to the expression or presentation of emotions or behaviors intentionally or unintentionally in social settings.

Stabilize

To make or become unlikely to change, fail, or decline.

Physical World

The realm of material objects, natural phenomena, and the universe's physical properties, excluding thoughts and consciousness.