According to the classical model, an excess supply of labor would drive up wages to a new equilibrium level and therefore unemployment would not persist.

Name: According to the classical model, an excess supply of labor would drive up wages to a new equilibrium level and therefore unemployment would not persist.
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In the classical model, an excess supply of labor would drive wages down, not up, until the labor market reaches a new equilibrium, thus eliminating unemployment.

According to the Classical Model, an Excess Supply of Labor