A Classical Economist Believes That

Multiple Choice

A classical economist believes that

A) the economy is self- regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
B) if the economy was left alone, it would rarely operate at full employment.
C) the economy is self- regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
D) the economy is self- regulating and always at full employment.