The economic event that discredited the conclusions of the classical economists was the
A) hyperinflation of the 1970s
B) stock market crash of 1987
C) disinflation of the 2000s
D) Great Depression of the 1930s

Question

Quizplus · Accepted Answer

The Great Depression of the 1930s discredited the conclusions of classical economists by demonstrating that markets do not always self-correct quickly in the face of significant economic downturns, challenging the classical assumption of self-regulating markets.

The Economic Event That Discredited the Conclusions of the Classical