Question

From a neoclassical viewpoint, government should focus less on:

Answer 1

Answer: Option (D) is correct.

According to neoclassical assumptions, state policies should mainly focus on long-term growth and controlling inflation.

Neoclassical economics viewpoint focuses on the measurement of commodities, their outputs, and distributions of income in industry or markets through the forces of demand and supply. It is a theory which predominately concentrates on the efficacy of commodities and how it affects forces of demand and supply.