Asked by Steven Camarena on Jun 20, 2024
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According to the classical economists,if there is a recession,the government should _______.
Classical Economists
Early economists, such as Adam Smith and David Ricardo, who focused on the role of free markets in promoting economic growth and efficiency.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.
- Recognize the role of government policy in economic theory, particularly in response to recessions and inflation.
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Learning Objectives
- Recognize the role of government policy in economic theory, particularly in response to recessions and inflation.
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