The Classical approach dominated economic policy during:
A) The 1980s.
B) The Vietnam War.
C) World War II.
D) The period before the Great Depression.

Question

Quizplus · Accepted Answer

The Classical approach dominated economic policy before the Great Depression in the 1930s. This approach emphasized laissez-faire policies and the belief that the economy would naturally self-regulate without government intervention. However, the Great Depression led to the rise of Keynesian economics and a greater role for government in stabilizing the economy.

The Classical Approach Dominated Economic Policy During