Explain the theory of the classical economists......................?

that flexible prices and wages ensure that the economy operates at full employment.

2007-03-04 10:57:32 · 1 answers · asked by styles4u 4 in Social Science ➔ Economics

As long as there is no minimum wage, the employment will adjust in a classic/perfect economy to meet wages and full employment.

2007-03-05 15:01:09 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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