The classical school focused on the long-run forces that determined an economy's
Jpotential level of output.

Question

Quizplus · Accepted Answer

The classical school was concerned with the long-run potential of an economy's output, and believed that it was determined by factors such as the availability of resources and technology. They believed that the economy would always tend towards this potential level of output in the long run.

The Classical School Focused on the Long-Run Forces That Determined