"Classical economist" is often used interchangeably with which term?
A. Marxian economist
B. Activist economist
C. Laissez-faire economist
D. Keynesian economist
Answer: C
You might also like to view...
Deflation is a situation in which the:
A. prices of most goods and services are rising over time. B. quantity of goods and services produced is increasing over time. C. prices of most goods and services are falling over time. D. quantity of goods and services produced is decreasing over time.
Refer to Figure 4.1. The income effect of the price change in food on the quantity of food purchased is:
A) the change from F3 to F1. B) the change from F3 to F2. C) the change from F2 to F1. D) the change from F1 to F2. E) none of the above
If the actual interest rate is below the equilibrium interest rate, the
a. Fed must intervene in financial markets to restore the interest rate to its equilibrium value b. price of bonds will increase c. price of bonds will decrease d. money supply will increase until the interest rate rises e. money supply will decrease until the interest rate rises
In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is
a. an exchange broker. b. a middleman. c. a transactions specialist. d. an opportunity finder.