Why did the classical economists think that large-scale unemployment was not possible in a market economy?
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Q150: The original Keynesian economic theory states that
A)
Q151: The Keynesian model is basically
A) a long-run
Q152: "Supply creates its own demand" implies that
A)
Q153: Refer to the above figure. Suppose the
Q154: If a shift in aggregate demand only
Q156: According to the Keynesian model, the short-run
Q157: Saving is a leakage from the circular
Q158: According to Keynes, involuntary unemployment is possible
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