The classical economists believed in all of the following EXCEPT:
A) The interest rate,which was determined in the loanable funds market,would equate savings and investment.
B) The savings of households would all be borrowed and invested by businesses.
C) Equilibrium GDP and full employment GDP are rarely equal.
D) Laissez-faire was the best policy a government could pursue.
Correct Answer:
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A)To fight
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Q166: Keynes believed that when savings exceeds investment
A)the
Q167: Which of the following statements is false?
A)The
Q168: The classical economists
A)dominated economic thought until the
Q169: Each of the following is consistent with
Q170: Keynes believed
A)everything produced in an economy is
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