Which Best Describes the Classical Theory of Employment

question 130

Multiple Choice

Which best describes the classical theory of employment?

• A)We will always have a great deal of unemployment.
• B)We will usually have a great deal of unemployment.
• C)We will occasionally have some unemployment,but our economy will automatically move back toward full employment.
• D)We never have any unemployment.

---

Definitions:

Performance Level

A measure of an individual, organization, or system's efficiency, effectiveness, and ability to meet its goals.

Excess Capacity

Refers to the situation where a firm or economy can produce more goods or services than currently produced due to available resources not being fully utilized.

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose within supply chain processes.

C2C Cycle

The cycle within consumer-to-consumer transactions, from one individual to another, typically facilitated by third-party platforms.