Classical vs Keynesian Economists

As irrelevant to the economy

As a sign of economic collapse

As requiring constant government intervention

As the economy's best response to disturbances (correct)

To destabilize the economy

To accelerate business cycles

To eliminate the need for business cycles

To counteract slow wages and prices adjustment over output and employment (correct)

They promote government intervention in every economic cycle

They believe in constant government control over all aspects of the economy

They see little to no need for government intervention (correct)

They advocate for complete government deregulation

<p>Slow wages and prices adjustment can harm output and employment</p> Signup and view all the answers

<p>Keynesian economists support intervention to counteract slow wage and price adjustments, while classical economists oppose such intervention</p> Signup and view all the answers