According to the classical economists, if the money people wanted to invest was greater than the amount people wanted to save,
A. the interest rate would fall.
B. the interest rate would rise.
C. there would be inflation.
D. there would be a recession.
B. the interest rate would rise.
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According to the scenario above, in which of the following groups are all the people structurally unemployed?
A) Thorton B) Jung C) Thorton and Darrelo D) Darrelo and Thorton E) Rita, Armondo, and Chris
When net exports are positive,
a. exports are greater than imports b. imports are greater than exports c. imports are greater than investments d. exports are greater than depreciation spending e. exports are greater than net investment
Other things equal, if the wage rates paid to a firm's labor inputs were to rise, we would expect the:
A. AFC and ATC to fall. B. AFC, AVC, ATC, and MC to rise. C. AVC, ATC, and MC to rise. D. MP to fall.
The two economists associated with the development of the theory of monopolistic competition were
A. Carl Menger and Eugen Von Bohm-Bawerk. B. John Neville Keynes and John Maynard Keynes. C. David Hume and Adam Smith. D. Joan Robinson and Edward Chamberlin.