Classical economists oppose government intervention in the economy for all the reasons below except that
A)policies to smooth out the business cycle are undesirable in principle.
B)increased government expenditures will lower the real wages of workers.
C)government policy is incapable of smoothing out the business cycle.
D)increases in government spending cannot increase the level of output and employment in the economy.

Question

Quizplus · Accepted Answer

The Answer of Classical economists oppose government intervention in the economy for all the reasons below except that
A)policies to smooth out the business cycle are undesirable in principle.
B)increased government expenditures will lower the real wages of workers.
C)government policy is incapable of smoothing out the business cycle.
D)increases in government spending cannot increase the level of output and employment in the economy.

Classical Economists Oppose Government Intervention in the Economy for All