The classical economic doctrine held that the normal equilibrium position of the economy was one of
a. rising interest rates.
b. some unemployment.
c. rising prices.
d. full employment.
d. full employment.
Economics
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One reason for the extraordinary growth of foreign financial markets is
A) decreased trade. B) increases in the pool of savings in foreign countries. C) the recent introduction of the foreign bond. D) slower technological innovation in foreign markets.
Economics
Refer to the diagram for a private closed economy. Aggregate saving in this economy will be zero when:
A. C + I g cuts the 45-degree line.
B. GDP is $180 billion.
C. GDP is $60 billion.
D. GDP is also zero.
Economics