The classical economists thought that the market:
A) did not exist.
B) could self-correct.
C) would disappear.
D) was not important.

Question

Quizplus · Accepted Answer

The classical economists believed that the market could self-correct through the forces of supply and demand. They believed that the market would move towards equilibrium and any imbalances would be corrected through price adjustments.

The Classical Economists Thought That the Market