How the classical school views the role of markets, Microeconomics

Explain the how the classical school views the role of markets and government intervention in fighting business cycles

The classical school believes in the smooth functioning of market mechanisms, and that they work best when left alone.  They usually do not think governments should intervene, and think that often government intervention makes things inferior.

 

Posted Date: 8/1/2013 2:28:41 AM | Location : United States







Related Discussions:- How the classical school views the role of markets, Assignment Help, Ask Question on How the classical school views the role of markets, Get Answer, Expert's Help, How the classical school views the role of markets Discussions

Write discussion on How the classical school views the role of markets
Your posts are moderated
Related Questions
Differentiate between nominal and real exchange rate.  Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate

calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2

the short run can be defined as any period of time

The price of oil increases because OPEC reduces oil production

State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i

1.  The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons.  The current emissions tax (price) for pollution is $40/ton.  Regu

What is meant by the multifaceted nature of the U.S. health care system? How is health care financed in the U.S.? What is the advantage and disadvantage of the U.S. multi-payer sys

do you agree that according to econmy theory a business will always close if its total reveneu cover total costs


About Bounce Fitness Bounce Fitness provides a range of services and arrange various sessions and programs in the area of fitness that helps to the people to be healthy. The