Check each of the following that apple to the classical theory. Became popular f
ID: 1203772 • Letter: C
Question
Check each of the following that apple to the classical theory. Became popular following "The general Theory" in 1936 Was advocated for by Milton Friedman was advocated for by Adam Smith no self-correcting economy has horizontal AS curve supply-side economics Say's Law Check all of the following that are supply-side factor of economic growth. Lower worker productivity higher taxes increases input costs. Such as gasoline more resources available Check all of the following that are characteristics of Keynesian theory.Explanation / Answer
(23) Correct options are:
- Advocated by Adam Smith
- Supply side economics
- Say's law
(24) Supply side factors to economic growth are:
- Lower productivity (will lower growth)
- Increased input cost (will lower growth), and
- More resources available (will increase growth)