Classical economists believe aggregate spending adjusts quickly to equal full-employment output.

Name: Classical economists believe aggregate spending adjusts quickly to equal full-employment output.
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Classical economists argue that in the long run, the economy will always tend toward full-employment output due to market flexibility and self-correction. Therefore, they believe that any deviations from full employment output will be quickly corrected through adjustments in aggregate spending.

Classical Economists Believe Aggregate Spending Adjusts Quickly to Equal Full-Employment