The Classical Economists Believed in the Self-Correcting Nature of the Economic

question 56

Multiple Choice

The Classical economists believed in the self-correcting nature of the economic system.They believed that the major adjustment

• A)mechanisms was government assistance
• B)mechanisms were inflexible wages and prices and flexible interest rates
• C)mechanisms were flexible wages,prices and interest rates
• D)mechanisms were sticky wages,prices and interest rates
• E)mechanisms were inflexible interest rates and flexible wages and prices