The classical economists believed all of the following,except

A) demand creates its own supply.
B) the quantity of money people wanted to save and invest affected interest rates.
C) recessions are temporary.
D) wages and prices are both downwardly flexible.

Classical Economists

Economists from the 18th and 19th centuries who focused on the importance of free markets, competitive forces, and the self-regulating nature of economies.

Demand

The desire and ability of consumers to purchase goods and services at given prices, influencing market equilibrium and pricing strategies.

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, typically identified by a fall in GDP in two successive quarters.