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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
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14 votes
14 votes
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

User Shana
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11 votes
11 votes

Answer:

the answer is D

Step-by-step explanation:

User Pkr
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