According to classical economists,government intervention is:
A)necessary to maintain a stable price level in the long run.
B)necessary to maintain a stable price level in the short run.
C)necessary to maintain full employment in the long run.
D)necessary to maintain full employment in the short run.
E)not necessary to maintain full employment.

Question

Quizplus · Accepted Answer

Classical economists believe in the concept of laissez-faire, which means that the economy should be left alone to function without government intervention. They argue that free markets are self-regulating and will naturally lead to full employment and stable prices in the long run. Therefore, government intervention is not necessary to maintain full employment in the long run.

According to Classical Economists,government Intervention Is