In the classical system, output and employment are primarily dependent on
a. population, productivity, and technology.
b. technology, capital formation, and thrift.
c. population, technology, and capital formation.
d. productivity, thrift, and population.
C
Economics
You might also like to view...
The concept that producing goods and services generates the means and the willingness to purchase other goods and services is
A) the Keynesian approach. B) money illusion. C) Say's law. D) cost-push inflation.
Economics
According to the above table, at a price of $16 per DVD, there is
A) an equilibrium. B) a surplus of 3000 DVDs. C) a shortage of 3000 DVDs. D) a shortage of 1500 DVDs.
Economics