If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?
A)Classical.
B)Keynesian.
C)Monetarism.
D)Supply-side.
E)Neo-Keynesian.

Question

Quizplus · Accepted Answer

The Classical school of thought believes in the self-regulating nature of the economy, where markets naturally move towards full employment and stable growth without government intervention.

If the Economy Were Left on Its Own Without the Interference