During the Great Depression,classical theorists believed that:
A) Wages would rise and full employment would be restored.
B) Full employment was unlikely without government spending.
C) Monetary policy was necessary to decrease interest rates.
D) Decreases in production were temporary.

Question

Quizplus · Accepted Answer

Classical theorists believed that the economy was self-correcting and that any decreases in production were temporary, as markets would naturally adjust to restore full employment without the need for government intervention.

During the Great Depression,classical Theorists Believed That