According to the classical economists, the economy:

Name: According to the classical economists, the economy:
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Classical economists believe in the concept of Say's Law which states that "supply creates its own demand." They argue that the economy is self-correcting and that any deviations from full employment will be automatically corrected through market forces. Therefore, government intervention is not required for achieving full employment.

According to the Classical Economists, the Economy