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







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