Based on the classical view,
A)Unemployment never occurs.
B)Cyclical unemployment might occur temporarily.
C)All goods produced are always purchased at an unchanging price.
D)Persistent unemployment might be a problem.

Question

Quizplus · Accepted Answer

The classical view acknowledges that cyclical unemployment might occur temporarily due to fluctuations in the business cycle. However, it does not recognize persistent unemployment as a problem and assumes that all goods produced are always purchased at an unchanging price.

Based on the Classical View