The first systematic attempt to explain the determinants of the price level and national levels of income, employment, consumption and real Gross Domestic Product (GDP) was made by ________ economists.
A) Keynesian
B) supply-side
C) monetarist
D) classical

Question

Quizplus · Accepted Answer

The first systematic attempt to explain the determinants of the price level and national levels of income, employment, consumption and real Gross Domestic Product (GDP) was made by classical economists such as Adam Smith, David Ricardo, and John Stuart Mill.

The First Systematic Attempt to Explain the Determinants of the Price