Solved

Classical Economists Believed That

Question 55

Multiple Choice

Classical economists believed that:


A) price flexibility automatically directs market economies to full employment.
B) budget deficits and surpluses were necessary for the control of economic fluctuations.
C) market economies suffer prolonged periods of recessions and depressions.
D) market economies are inherently unstable because of fluctuating aggregate demand.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions