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Social Studies, 16.10.2019 22:00 nhdhdj

The classical economists believed that unemployment could not persist because:

a: the government would step in and stimulate the economy by increasing government spending
b: rising prices would make up for any deficiency in spending and make it profitable to rehire workers
c: falling wages would cause businesses to expand employment
d: unemployment benefits would eventually run out, and voluntarily unemployed workers would return to their jobs
e: workers would move abroad, reducing the unemployment rates.

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The classical economists believed that unemployment could not persist because:

a: the...
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