E connect Fall 2018 Macroeco 9:10AM Se ECONOMICS pter 24 Homework Question 1 (of

Question

E connect Fall 2018 Macroeco 9:10AM Se ECONOMICS pter 24 Homework Question 1 (of 15) value: 0.33 points Classicals saw the depression as a political problem, not an economic problem. Why? They believed government spending was necessary to reduce the oversupply of goods in the market. O They believed the government needed to hire those who were unemployed O They believed trade restrictions were holding price levels at unsustainable levels They believed labor unions were preventing the wage level from falling to its appropriate level References eBook&Resources Worksheet Section: The Histonical Development of Macro Learning Objective: 24-01 Discuss 52 the history of mdcro, distinguishing Classical and Keynesian, macroeconomists.

Explanation / Answer

Option D.

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