The hands-off camp generally believes that
A) market failure is worse than government failure.
B) markets fail to quickly self-adjust.
C) external events are major causes of business cycles.
D) macroeconomic and microeconomic outcomes are different.
E) demand creates its own supply.

Question

Quizplus · Accepted Answer

The hands-off camp, often associated with classical economics, believes that external events, rather than inherent market failures, are major causes of business cycles.

The Hands-Off Camp Generally Believes That