Which school of economics argued that prices, wages, and rates are flexible and markets tend to clear unless prevented from doing so by government policy?
Question
Which school of economics argued that prices, wages, and rates are flexible and markets tend to clear unless prevented from doing so by government policy?
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Solution 1
The school of economics that argued that prices, wages, and rates are flexible and markets tend to clear unless prevented from doing so by government policy is the Classical school of economics.
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