In classical theory which of the following is found in the economy:
A)unemployment
B)involuntary unemployment
C)less than full employment
D)full employment

Name: In classical theory which of the following is found in the economy: A)unemployment B)involuntary unemployment C)less than full employment D)full employment
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Question

Quizplus · Accepted Answer

Classical economic theory assumes that markets, including labor markets, are always in equilibrium, leading to full employment.

In Classical Theory Which of the Following Is Found in the Economy