Which of the following is true about classical economists?
A)They argued that the sources of depressions and high unemployment lay within the market system.
B)They advocated laissez-faire policies to promote economic growth.
C)They believed the economy would naturally tend toward unemployment.
D)They believed prices and wages were rigid.
E)They encouraged government intervention in markets.

Question

Quizplus · Accepted Answer

Classical economists generally supported the idea of laissez-faire, which promotes minimal government intervention in markets. They believed that markets are self-regulating and will naturally lead to economic growth and prosperity.

Which of the Following Is True About Classical Economists