Which of the Following Does NOT Describe the Views of Classical

question 159

Multiple Choice

Which of the following does NOT describe the views of classical economists?  

• A) They advocated laissez-faire policies to promote economic growth. 
• B) They believed the economy would naturally tend toward full employment. 
• C) They believed prices and wages react slowly to market changes. 
• D) They discouraged government intervention in markets.

---

Definitions:

Installment Note Payable

A debt instrument that requires a series of payments over a specified period until the full amount is paid off.

Principal Amount

The initial amount of money borrowed or invested, excluding any interest or dividends.

Equal Annual Payments

Regular payments of the same amount made over a specified period of time, often used in loans and annuities.

Installment Note

A debt instrument that requires a series of payments over time, typically including both principal and interest components.