Which of the following is not true about classical economists?
A)They criticized mercantilism as an economic system.
B)They advocated laissez-faire policies to promote economic growth.
C)They believed the economy would naturally tend toward full employment.
D)They believed prices and wages were flexible.
E)They sought government intervention in markets to promote fairness.

Question

Quizplus · Accepted Answer

Classical economists generally did not advocate for government intervention in markets to promote fairness. They believed that market forces would naturally lead to an efficient allocation of resources and that any government intervention would likely be detrimental to economic growth.

Which of the Following Is Not True About Classical Economists