Business, 23.07.2021 02:50, 21briannamtimms

Classical economists believed that: a) budget deficits and surpluses were necessary for the control of economic fluctuations.
b) market economies are inherently unstable because of fluctuating aggregate demand.
c) market economies suffer prolonged periods of recessions and depressions.
d) price flexibility automatically directs market economies to full employment

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Classical economists believed that: a) budget deficits and surpluses were necessary for the contro...