During the Great Depression,this group of economists assured everyone that the setbacks in production and employment were temporary and would soon vanish:
A)Supply-side economists.
B)Classical economists.
C)Keynesian economists.
D)Monetarist economists.

Question

Quizplus · Accepted Answer

Classical economists believed in the concept of the market self-adjusting to any imbalances or fluctuations, and therefore believed that any temporary setbacks would eventually be corrected by natural market forces. This belief was challenged by Keynesian economists during the Great Depression, who argued for government intervention to stimulate demand and decrease unemployment.

During the Great Depression,this Group of Economists Assured Everyone That