Why Do the Classical Economists Argue That Excessive Unemployment Won't

question 76

Essay

Why do the Classical economists argue that excessive unemployment won't persist in an economy for very long?

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Definitions:

Political Exercise

The activities involved in acquiring and using power in a workplace or organizational setting to achieve one's goals.

Relationship Conflict

The tension, disagreement, or incompatibility between individuals regarding their relationship, not necessarily focused on tasks or goals.

Conflict Management Strategy

A plan of action designed to address and resolve a dispute or conflict in a positive or constructive manner.

Process Conflict

Disagreements among group members about the logistics and delegation of tasks in achieving a common goal.