In Regard to the Macroeconomy,it Is Believed by Classical Economists

question 16

Multiple Choice

In regard to the macroeconomy,it is believed by classical economists that

• A) prices are flexible.
• B) the market tends toward instability and cyclical unemployment.
• C) savings is a drain on demand.
• D) aggregate demand is more significant than aggregate supply.
• E) the economy needs help in moving back to full employment.

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Definitions:

Tactical Plans

Short-term, specific plans that are designed to implement the strategies and objectives set by an organization.

Planning Process

A series of steps that include setting goals, developing strategies, and outlining tasks and schedules to achieve those goals.

Steps

A series of actions or stages taken in order to achieve a particular end.