Classical economists say that real- wage unemployment is caused by wages being above the market- clearing level.

Name: Classical economists say that real- wage unemployment is caused by wages being above the market- clearing level.
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Classical economists argue that real-wage unemployment occurs when wages are set above the equilibrium level, preventing the labor market from clearing, which means that the supply of labor exceeds the demand at that wage level.

Classical Economists Say That Real- Wage Unemployment Is Caused by Wages