Which of the following is an assumption of the classical school?
A) savings equal investment.
B) wage and prices are flexible.
C) supply creates its own demand.
D) all of the above are assumptions of the classical school.

Question

Quizplus · Accepted Answer

The classical school of economics assumes that savings equal investment, wages and prices are flexible, and supply creates its own demand, making all of the given options correct assumptions of the classical school.

Which of the Following Is an Assumption of the Classical