In periods of relatively high levels of unemployment,a classical economist would advocate which of the following governmental policies to move the economy toward full employment?

Question

Quizplus · Accepted Answer

Classical economists believe in the self-correcting nature of markets with minimal government intervention. They argue that if left alone, the economy will naturally adjust back to a state of full employment through the flexibility of prices and wages.

In Periods of Relatively High Levels of Unemployment,a Classical Economist