The Classical Economists Argued That Planned Saving and Planned Investment

question 19

Multiple Choice

The classical economists argued that planned saving and planned investment will always be equal because of changes in

• A) the level of real disposable income.
• B) the interest rate.
• C) the price level.
• D) wages.

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Definitions:

Low-context Cultures

Cultures where communication is explicit, messages are direct, and understanding depends less on contextual cues than on the explicit content of the communication.

Implicit Messaging

Communication that occurs through nonexplicit means, often involving nuanced or indirect cues, as opposed to straightforward, direct messaging.

Future Orientation

The degree to which a culture chooses future rather than immediate results.

High-assertion Culture

A workplace culture that encourages assertiveness, straightforward communication, and standing firm on one's decision or opinion.