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Precepts of the Classical School of Economics Include All of the Following

Question 13

Multiple Choice

Precepts of the classical school of economics include all of the following EXCEPT:


A) by adjusting to varying levels of demand and supply, markets are usually efficient in organizing economic activity.
B) general non-intervention by government, that is, "laissez faire" (allow to do) .
C) regular government intervention to assure stability and growth in the economy.
D) if government intervention is necessary, it should be with the goal of increasing economic activity.
E) money is important as a medium of exchange, but printing excess money will lead to inflation.

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