Precepts of the Classical School of Economics Include All of the Following

question 13

Multiple Choice

Precepts of the classical school of economics include all of the following EXCEPT:

• A) by adjusting to varying levels of demand and supply, markets are usually efficient in organizing economic activity.
• B) general non-intervention by government, that is, "laissez faire" (allow to do).
• C) regular government intervention to assure stability and growth in the economy.
• D) if government intervention is necessary, it should be with the goal of increasing economic activity.
• E) money is important as a medium of exchange, but printing excess money will lead to inflation.

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