The group of economists who believed that the macroeconomy worked very well on its own were
A) microeconomists
B) macroeconomists
C) classical economists
D) Keynesian economists
E) Marxist economists

Question

Quizplus · Accepted Answer

Classical economists believed in the idea of laissez-faire, which posits that the economy will naturally self-regulate if free from government intervention. Therefore, they believed that the macroeconomy worked well on its own.

The Group of Economists Who Believed That the Macroeconomy Worked