Use the figure below to answer the following question(s) .
Figure 12-1
-Refer to Figure 12-1. If the output of the economy is Y₁, which of the following would a new classical economist be most likely to favor?

Question

Use the figure below to answer the following question(s) .
Figure 12-1

-Refer to Figure 12-1. If the output of the economy is Y₁, which of the following would a new classical economist be most likely to favor?

Quizplus · Accepted Answer

New classical economists believe in the self-correcting nature of the economy and would likely favor maintaining current policies, allowing the market to adjust on its own without government intervention.

Use the Figure Below to Answer the Following Question(s)