Most economists today hold a certain respect for Marx's economic perspectives because
A) most of Marx's predictions have come true, pretty much in the way he said they would.
B) most economists today are strong labor sympathizers.
C) Marx was the first to recognize the inherent dangers of government intervention.
D) Marx demonstrated that in the final analysis, there is always a market for goods and the labor that produces them.
E) Marx was the first to conceptualize a business cycle in which good times eventually produced bad times and vice versa.

Question

Quizplus · Accepted Answer

Marx's contribution to economic thought includes the concept of the business cycle, where economic booms and busts are part of an inherent process. This idea has been influential in economic theory, recognizing the cyclical nature of economies.

Most Economists Today Hold a Certain Respect for Marx's Economic