The classical school lost popularity due to its inability to explain or offer solutions for:
A) stagflation.
B) the Great Depression.
C) rapid increases in prices.
D) the growth in power of large multinational corporations.

Question

Quizplus · Accepted Answer

The classical school of economics, which emphasized free markets and minimal government intervention, lost popularity because it could not adequately explain or offer solutions for the economic downturn and widespread unemployment of the Great Depression.

The Classical School Lost Popularity Due to Its Inability to Explain