Economics · Macroeconomics
Consider the following features regarding the classical system of economics: 1. Monetary factors determine real output and employment 2. Self-adjusting system of the economy 3. State intervention is essential for direct economic development 4. Optimum utilization of resources through market forces in the absence of state control Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2
- 21, 2 and 3
- 32 and 4✓
- 41, 2 and 4
Correct answer
2 and 4
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