If the rate of interest did not equate saving and investment and total output was greater than total spending,the classical economist argued,competition would tend to force

A) product and resource prices down.
B) product prices up and resource prices down.
C) product prices up and resource prices up.
D) product prices down and resource prices up.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed annually, influencing borrowing, lending, and investment activities.

Saving and Investment

Refers to the act of setting aside a portion of current income for future use and allocating funds into ventures or assets expected to yield future returns.

Total Output

The total quantity of goods and services produced within an economy at a given overall price level and within a specified period.