Question

In this final Circular Flow example for our course, the starting point was a deep recession with 5 million cyclically unemployed people. A ______________ approach would suggest a "hands off" approach by Government and suggest that flexible prices and wages would correct the problem very quickly..

Answer 1

Classical

Step-by-step explanation:

In this final Circular Flow example for our course, the starting point was a deep recession with 5 million cyclically unemployed people. A Classical approach would suggest a "hands off" approach by Government and suggest that flexible prices and wages would correct the problem very quickly.