menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 11
  4. Exam
    Exam 5: Introduction to Macroeconomics
  5. Question
    Classical Economists Believed That Recessions Were Self Correcting
Solved

Classical Economists Believed That Recessions Were Self Correcting

Question 64

Question 64

Essay

Classical economists believed that recessions were self correcting. In their view, how did the economy self correct?

Correct Answer:

verifed

Verified

According to Classical economi...

View Answer

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

Related Questions

Q54: For many decades it was common in

Q55: List the three debt instruments that the

Q56: Define the business cycle.

Q57: In the late 19<sup>th</sup> century the price

Q58: In which of the three basic markets

Q59: Identify the following as either fiscal or

Q60: Explain what the money market is. Make

Q61: Explain why labor markets are different from

Q62: Provide some explanations for why prices might

Q63: Explain the costs and consequences of hyperinflation.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines