What key observation did the classical model attempt to explain?
A) the economy performs well in the short run,but not so well in the long run
B) business cycles are the most important economic problem
C) over the short run,the economy performs rather poorly
D) markets do not clear without government intervention
E) over the long run,the economy performs rather well

Question

Quizplus · Accepted Answer

The classical model attempted to explain why over the long run, the economy performs rather well.

What Key Observation Did the Classical Model Attempt to Explain