Classical economists believe that the economy
A. requires activist government intervention to reach its potential level of GDP.
B. is self-regulating and does not require government intervention.
C. can be affected by only monetary policy.
D. is persistently below its potential level of GDP.
Answer:B
Classical economists believe that the economy
A. requires activist government intervention to reach its potential level of GDP. B. is self-regulating and does not require government intervention. C. can be affected by only monetary policy. D. is persistently below its potential level of GDP.