According to ________ economists, the economy is self-correcting.
A) Keynesian
B) Marxist
C) Classical
D) command system

Question

Quizplus · Accepted Answer

Classical economists believe that the market economy is self-correcting and can adjust itself during economic downturns without government intervention. Keynesian economists believe that government intervention is necessary to stabilize the economy during periods of recession or inflation. Marxist economists believe that capitalism is inherently unstable and requires a revolution to introduce a more just economic system. The command system is an economic system where the government owns and controls all resources and production.

According to ________ Economists, the Economy Is Self-Correcting