Use the figure below to answer the following question(s).
Figure 12-1

-Refer to Figure 12-1.If the output of the economy is Y₁,which of the following would a new classical economist be most likely to favor?

Question

Use the figure below to answer the following question(s).
Figure 12-1
 
-Refer to Figure 12-1.If the output of the economy is Y₁,which of the following would a new classical economist be most likely to favor?

Quizplus · Accepted Answer

A new classical economist would likely favor continuation of current policies, as they believe that the economy is self-correcting and government intervention is unnecessary.

Use the Figure Below to Answer the Following Question(s)