Economy, asked by rashirawat1224, 3 months ago

Explain why and how, according to the classical economists, the economy always

operates at full employment level​


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Answers

Answered by anjali983584
7

Explanation:

Classical economists believed that if wages and prices were flexible, a competitive market economy would always operate at full employment. That is, economic forces would always be generated so as to ensure that the demand for labour was always equal to its supply.

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