Economics · Macroeconomics
Which of the following are characteristic features of the classical macroeconomic system? (A) Monetary factors determine real output and employment. (B) The economy possesses a self-adjusting mechanism to maintain full employment. (C) Direct state intervention is essential to guide economic development. (D) Optimization is achieved through the market mechanism in the absence of state control.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B) and (D)
- 2(B) and (D)✓
- 3(A), (B) and (C)
- 4(A) and (B)
Correct answer
(B) and (D)
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