Classical economists saw the depression as a political problem, not an economic problem. why?

1 answer:

5 0

Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.

<h3>Classical economists</h3>

The Classical economists believe that the great depression experience was as a result of as a political problem.

The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.

Therefore they believed that labor unions were stopping the wage level from rising.

Learn more about Classical economists here:brainly.com/question/419703

#SPJ12

You might be interested in

The greater the magnitude of the external benefits of production, a. The larger is the deadweight loss from underproduction. b

Naddika [18.5K]

Answer:

d. All of the above are true

Explanation:

External costs happen if during production or consumption of a good or a service there is a negative effect on another party. The existence of this can bring about market failure. In the presence of externalities social benefit costs are a combination of private costs and also external benefits of production.

All of the options a, n and c are true so d is the answer here.

7 0

3 years ago

An investor owns a 6% bond issued by ABC Corporation that is callable at 102 ($1,020) next May 1. All of the following statement

Alexxandr [17]

Answer:D) the bond is probably being called by the issuer because interest rates went up

This statement is not true because when interest rates go up the issuer is at an advantage as he had previously borrowed money at a interest rate which is lower than the present interest rate, as interest rates have risen. Also when interest rates rise and the issuer calls the bond he will have to pay higher interest to re borrow money and this is foolish thus the issuer will not call the bond when interest rates rise. The issuer will call the bond when interest rates fall, as the issuer can re issue the bonds and borrow money at lower interest rates.

Explanation:

6 0

3 years ago

Ron burgundy worked for the anchor department store as a sales associate in the leisure suits department. as he would give chang

castortr0y [4]

Answer: Sales Skimming or Defalcation

Sales skimming occurs when a person at the sales counter takes a part of the cash from sales, and officially reports a lower total. The legal term for sales skimming is defalcation.

This is a white-collar crime that occurs before sales are recorded in the books of accounts and hence is quite difficult to detect, since there is very little paper trail that is involved.

7 0

3 years ago

A product's purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value gives the _______

CaHeK987 [17]

<span>I believe the answer for you question would be life-cycle</span>

4 0

4 years ago

One method of evaluating the creativity of a team's ideas is looking at the fluency, flexibility, and originality of the ideas.

Daniel [21]

Answer:

-The hability to express an idea.

-The hability to make the necessary changes

-The hability of having new and non repited ideas.

Explanation:

One method of evaluating the creativity of a team´s ideas is looking at the fluency, flexibility and originality of the ideas. Fluency refers to the hability to express an idea in certain language or aspect: flexibility refers to the hability of making the necessary changes when are needed; originality refers tothe hability of creating new content and ideas that are non repeated.

3 0

3 years ago