Because classical economists stressed the long run,they:
A) perceived the economy as being mostly self-adjusting.
B) favoured the use of fiscal policy over monetary policy.
C) expected the government to purge the rot from the system.
D) favoured the use of monetary policy over fiscal policy.

Question

Quizplus · Accepted Answer

Classical economists believed in the self-adjusting nature of the economy in the long run. They believed that markets would eventually reach equilibrium without much government intervention, and any temporary disturbances would eventually be corrected by market forces. Thus, they mostly perceived the economy as being self-adjusting.

Because Classical Economists Stressed the Long Run,they