Which of the following economic statements would a classical economist tend to support?
A) The short run deserves more focus than the long run.
B) The market tends to stability and full employment.
C) Savings is a drain on aggregate demand and can reduce economic growth.
D) Government intervention is often necessary to stimulate or moderate economic performance.
E) Prices tend to be rigid and inflexible.
Correct Answer:
Verified
Q103: Based on the belief that prices are
Q104: Classical economists believe that savings is crucial
Q114: Use the following graph to answer the
Q114: Classical economists believe that prices are completely
Q116: If prompted to describe fundamental beliefs about
Q117: Which of the following economic statements would
Q125: Keynesian economists believe that savings is a
Q127: Keynesian economists believe that government intervention in
Q145: During the Great Recession,real gross domestic product
Q158: During the Great Depression,real gross domestic product
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