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Which of thefollowing statements does not characterize the Classical view of business cycles?
 
 

A.  

Laissez-faire is the best policy response to the businesscycle.

 
 

B.  

Fluctuations in business activity are to be expected and shouldbe accepted just as changes in the seasons are accepted.

 
 

C.  

Expansions and recessions do not justify governmentmacroeconomic intervention.

 
 

D.  

The appropriate macroeconomic policy can eliminate fluctuationsin economic activity.

Johnson 15-Jun-2018
Answer: (Solved)
Johnson

D.   Theappropriate macroeconomic policy can eliminate fluctuations ineconomic activity.

This is actually KeynesianView

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