What are the merits of the classical economists' assumption that full employment is the normal equilibrium level

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What are the merits of the classical economists' assumption that full employment is the normal equilibrium level for the economy?

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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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Question Posted: Mar 08, 2018 09:56 AM

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What are the merits of the classical economists' assumption that full employment is the normal equilibrium level

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In an ideal economy under conditions of perfect competition it is a valid assumpt...View the full answer

Basic Economics

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