Which of the Following Statements About the Classical School of Economics

Multiple Choice

Which of the following statements about the classical school of economics is FALSE?

A) It dates back to Adam Smith and his book, The Wealth of Nations.
B) Its followers hold that government intervention is necessary to keep the economy at full employment.
C) It was largely rejected during the 1930s because it could not explain or remedy the Great Depression.
D) Its followers hold that everything leaked from the spending stream through saving is returned through investment spending.