The concept of "market clearing" is adopted and defended by:
A) fine- tuning economists.
B) Keynesian economists.
C) demand- side economists.
D) classical economists.

Question

Quizplus · Accepted Answer

Market clearing refers to the idea that in a free market, prices adjust to balance supply and demand, resulting in the quantity of the good or service supplied and the quantity demanded being equal. This concept is a fundamental principle of classical economics, which believes that markets are self-regulating and will naturally reach equilibrium without government intervention. Fine-tuning economists, Keynesian economists, and demand-side economists often advocate for government intervention to address market inefficiencies and stimulate demand.

The Concept of "Market Clearing" Is Adopted and Defended By