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A Classical Economist Believes That

Question 337

Multiple Choice

A classical economist believes that


A) if the economy was left alone, it would rarely operate at full employment.
B) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
C) the economy is self-regulating and always at full employment.
D) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.

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