With which group is a laissez-faire attitude toward most markets closely associated? Group of answer choices...

With which group is a laissez-faire attitude toward most markets closely associated?

Group of answer choices

Keynesians

supply-side economists

monetarists

classical economists

Solutions

Expert Solution

Ans: classical economists

Explanation:

Laissez-faire is an economic system in which there is no government intervention in any economic activity. It is otherwise called free market economy. Economy is adjusted in the long-run. Free market demand and supply bring the long-run equilibrium and economic stability. According to Say's law , " supply creates its own demand". It means there is no shortage or surplus in the economy. The economy is self adjusted without any government intervention. The supporters of this thought are Adam Smith , Karl Marx , David Ricardo , etc.

Rahul Sunny answered 2 years ago

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