According to classical economists, variations in savings are due to:
A) level of investment
B) rate of interest
C) level of employment
D) none of the above
Correct Answer:
Verified
Q1: "Supply creates its own demand "is a
Q3: Supply creates its own demand is the
Q4: Which policy is effective in the Keynesian
Q5: When output exceeds spending:
A)there is unsold output,
Q6: Entrepreneurs will have no tendency to expand
Q7: The concept of effective demand is associated
Q8: Psychological law of consumption states that the
Q9: Net investment is also known as
A)depreciation
B)induced investment
C)autonomous
Q10: In the saving function S = -a
Q11: Who propounded Psychological law of consumption
A)adam smith
B)ricardo
C)keynes
D)pigou
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