In the Classical system, the interest rate is determined by all of the following except
A) the thriftiness of the public.
B) the money supply.
C) the productivity of capital.
D) investment.

Question

Quizplus · Accepted Answer

In the Classical system, the interest rate is not determined by the money supply. Instead, it is determined by factors such as the thriftiness of the public, the productivity of capital, and investment.

In the Classical System, the Interest Rate Is Determined by All