Question

What problem did the Great Depression in the 1930s highlight that classical economics did not address? A How offten such an event would happen worlwide B How much the government should spend to revive the economy C How long the market would take to return to equilibrium D How many peopel would loose their jobs or homes

Answer 1

C How long the market would take to return to equilibrium

Answer 2

The main problem that classical economics did not address that occurred in the Great Depression was "How much the government should spend to revive the economy," which is still a source or major contention.