Classical economists believed that
A) the government should play an active role in controlling the economy
B) the government can best help the economy by leaving it alone
C) the economy is controlled by the government
D) laissez faire will hurt the economy
E) economists should offer guidance to governmental leaders

Question

Quizplus · Accepted Answer

Classical economists believed in laissez faire, meaning that the government should not interfere with the market and that the market should operate independently. They believed that the market would automatically adjust itself to achieve equilibrium without the need for government intervention.

Classical Economists Believed That