Which of the following statements is correct? Classical economists
A)believe demand as well as supply determines aggregate output.
B)believed in an active role for government in managing the economy through tax policy.
C)gave little explicit attention to factors that determined the overall demand for commodities.
D)were worried about depressions that could come about because of too little government consumption.

Question

Quizplus · Accepted Answer

Classical economists placed a heavy emphasis on the supply side of the economy, believing that the factors of production and technology would ultimately determine the level of output. They did not give as much attention to the factors that influence demand.

Which of the Following Statements Is Correct? Classical Economists