Making specific reference to the Labor, Credit and Output Markets, explain in words why the Classical economists believed that a free market economy had an automatic self-correcting mechanism that would preventthe possibility of a Great Depression and the widespread involuntary unemployment observed in the 1930s.Be specific about the nature of the price adjustments in the labor, credit and output markets that were expected to eliminate problems such as unemployment, underinvestment and overproduction that emerged in the 1930s.