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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 71
Circle the letter that corresponds to the best answer. According to the classical economists, if the quantity of money that people wanted to save was greater than the amount that people wanted to invest, ___________.
A) there would be a recession
B) there would be inflation
C) the interest rate would fall
D) the interest rate would rise
A) there would be a recession
B) there would be inflation
C) the interest rate would fall
D) the interest rate would rise
Explanation
Verified
Verified
The option a is the incorrect option as ...
Macroeconomics 11th Edition by Stephen Slavin
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