Classical economists believe that the economy

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Classical economists believe that the economy is self-regulating and does not require government intervention. They argue that market forces of supply and demand work to establish equilibrium prices and that any attempts by the government to intervene in the market will ultimately lead to inefficiencies and distortions. Additionally, classical economists believe that the economy has a natural rate of unemployment, which reflects the labor market's equilibrium level of employment and does not require government intervention to reduce it.

Classical Economists Believe That the Economy