Classical economists believe that prices are completely flexible,from which they conclude that:

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Classical economists believe that prices and wages are flexible, meaning that they can adjust quickly in response to changes in supply and demand. This makes the economy self-correcting, as any imbalances will eventually be resolved by these price adjustments. Therefore, classical economists would argue that government intervention is generally not necessary and that the economy is stable and will not experience wild swings in output and employment.

Classical Economists Believe That Prices Are Completely Flexible,from Which They