Multiple Choice
Which of the following is not part of classical economic theory?
A) Saving depends upon the rate of interest.
B) Full employment is the norm in laissez-faire capitalism.
C) Wages and prices are inflexible downward.
D) The equilibrium interest rate equals saving and investment.
E) Supply creates its own demand.
Correct Answer:
Verified
Related Questions
Q84: Q85: Q86: Q87: Q88: Q90: A basic feature of the classical system Q91: If aggregate demand increases and,as a result,real Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()
![]()