Use the figure below to answer the following question(s).
Figure 12-1
-Refer to Figure 12-2. Which of the following will most likely be favored by a new classical economist if the economy is operating at point a?

Question

Use the figure below to answer the following question(s).
Figure 12-1 
-Refer to Figure 12-2. Which of the following will most likely be favored by a new classical economist if the economy is operating at point a?

Quizplus · Accepted Answer

New classical economists believe in the economy's self-correcting mechanism and would likely favor continuing current policies, allowing the economy to adjust on its own without intervention.

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