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what is classical economics? a.) the idea that government spending and tax cuts help an economy b.)a form of demand-side economics that encourages government action to increase or decrease demand and output c.)the idea that every one dollar of government spending creates more than one dollar in economic activity d.) the idea that free markets can regulate themselves
g
Classical economics is the idea that free markets can regulate themselves.
Expert answered|jeifunk|Points 7346|
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Asked 10/11/2012 12:14:31 PM
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The loss of funds for a private investment due to government borrowing is known as? a.) the multiplier effect b.) the crowding-out effect c.) keynesian economics d.) supply-side economics
Weegy: The loss of funds for a private investment due to government borrowing is known as the crowding-out effect. User: In contrast with classical economics, keynesian economics ______. a.)reduces the role of government b.) relies more heavily on the laws of supply and demand c.) more strongly emphasizes the importance of individual businesses to the overall health of the economy d.) takes a broader view of the economy Weegy: In contrast with classical economics, keynesian economics takes a broader view of the economy. (More)
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