Classical Economists Who Assume the "Invisible Hand" Works Reasonably Well

question 11

Multiple Choice

Classical economists who assume the "invisible hand" works reasonably well do NOT argue that

• A)the government should have a limited role in the economy.
• B)government policies will be ineffective and counterproductive.
• C)the government should actively intervene in the economy to eliminate business cycles.
• D)wages and prices adjust quickly to bring the economy back to equilibrium.