Most economists prior to Keynes thought that

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Most economists before Keynes believed in the classical theory that the economy would automatically adjust to full employment. They thought that wages and prices would adjust quickly to clear the labor market and restore equilibrium in the economy. This idea was known as the classical belief in "Say's Law," which stated that supply creates its own demand. Therefore, government intervention in the economy would be unnecessary, and business cycles would eventually disappear. Keynes challenged this view and argued that government intervention was necessary to stabilize the economy and reduce unemployment.

Most Economists Prior to Keynes Thought That