David Ricardo focused on the economy in the _______ and on the forces that determined an
Economy's _______.
A) short run; full employment level of output
B) long run; potential output
C) short run; market gluts
D) short run; money supply

Question

Quizplus · Accepted Answer

David Ricardo was a classical economist who focused on the long run and believed in the concept of potential output, which is the maximum output an economy can produce given its resources and technology. He also analyzed the forces that determined an economy's long-term growth and development. Therefore, choice B is the best answer.

David Ricardo Focused on the Economy in the _______ and on the Forces