Due to Their Belief in Interest Rate Flexibility,the Classical Economists

question 24

True/False

Due to their belief in interest rate flexibility,the classical economists argued that saving is matched by an equal amount of investment.

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Definitions:

Milli-

A prefix in the metric system denoting a factor of one thousandth (1/1000) of the unit it precedes.

Metric System

A system of measurements that uses the base function of 10.

Base Ten

A numeral system that is decimal and uses ten as its base for counting and calculations.

Teaspoon

A small spoon used typically for measuring or stirring liquids, equivalent to about 5 milliliters in volume.