Classical economists believed that production could be stuck below its full employment level for a long period of time.

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Classical economists believed in the concept of Say's Law, which stated that supply creates its own demand and any temporary imbalances would be resolved in the long run through market mechanisms. Therefore, they did not believe that production could be stuck below its full employment level for a long period of time. This idea was later challenged by Keynesian economics, which argued that in situations of low aggregate demand, the economy could remain stuck in a persistent state of unemployment.

Classical Economists Believed That Production Could Be Stuck Below Its