Which of the Following Economic Statements Would a Classical Economist

question 6

Multiple Choice

Which of the following economic statements would a classical economist tend to support?

• A) The short run deserves more focus than the long run.
• B) The market tends to stability and full employment.
• C) Savings is a drain on aggregate demand and can reduce economic growth.
• D) Government intervention is often necessary to stimulate or moderate economic performance.
• E) Prices tend to be rigid and inflexible.

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Definitions:

Central Nervous System

The complex network of nerves and cells that includes the brain and spinal cord, responsible for coordinating sensory information and response.

Peripheral Nervous System

The component of the nervous system that includes nerves and ganglia situated outside the brain and spinal cord.

Nervous System

A complex network of nerves and cells that transmit signals between different parts of the body to coordinate actions and sensory information.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and coordinating information from the body.