UGC NET
Ayushi Asked a Question
August 26, 2020 2:02 pmpts 30 pts
  • UGC NET
  • Economics

Which of the following characteristics of classical economists is absent in neo classical economist ? a) no government interference b) no money illusion c) per

which of tg3 following characteristics of classical economists is absent in neo classical economist ? a) no government interference b) no money illusion c) perfect competition d) supply determine demand
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  • Payel banerjee
    option d is correct. because only the classical economists believed that the economy operate under the Say's law of market i.e supply creats its own demand
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  • Nidhi taparia Best Answer
    The most significant difference between classicals and neo-classicals was that the former believed supply creates its own demand and the latter does not
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