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

The group of economists who assured everyone that the setbacks in production and employment during the Great Depression were temporary and would soon vanish were the classical economists. They believed in the idea of laissez-faire capitalism and that the market would eventually correct itself without government intervention. However, their beliefs were proven wrong as the Great Depression persisted and it took government intervention through the New Deal to eventually help the economy recover.

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