Economics · Macroeconomics
Which of the following are NOT Classical economic principles? (i) Aggregate Supply automatically creates its own Demand (ii) Money is primarily used as a Store of Value rather than a Medium of Exchange (iii) Interest rate is completely flexible (iv) A capitalist economy is not self-equilibrating and requires government intervention (v) Laissez-faire policy (no government intervention in markets)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(ii) and (iv)✓
- 2Only (iv)
- 3(ii) and (iii)
- 4(i) and (ii)
Correct answer
(ii) and (iv)
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