All the labourers who are ready to work will find employment and all the factories will be working at their full capacity. Who has given this school of thought?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Classical economists
Dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity. This school of thought is known as the classical tradition.