macro econ question...........?
When we are in a recession, what do classical economists believe we should do to get out of the recession? Explain how it will work.
More Questions From This User See All
Answers & Comments
Verified answer
Do nothing. Classical economics believe that there should be a laissez faire market aka no government interference in the economy. Price/wage flexibility will self correct the economy towards full employment.
You could have made it easier for people to answer by asking about classical, Keynesian and monetarist macroeconomic theories in the same question.