Classical economists argued that
A. a flexible interest rate would make saving equal to investment.
B. workers had money illusion.
C. there would always be an excess of saving over investment.
D. excess savings would create unemployment.
Answer: A
Economics
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Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $30 million, and bank deposits are $100 million. The money multiplier is equal to
A) 2.5. B) 3.0. C) 4.0. D) 5.0.
Economics
Low inflation rates tend to accelerate into higher and higher rates of inflation
a. True b. False Indicate whether the statement is true or false
Economics