Classical economists believe aggregate spending adjusts quickly to equal full-employment output.
The classical view holds that no government intervention in the market is needed because the price level,wages,and interest rates will adjust and the economy will self-correct to restore full employment.

Question

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Classical economists believe in the self-correcting nature of the market and that aggregate spending will always adjust to equal full-employment output in the long run, without the need for government intervention.

Classical Economists Believe Aggregate Spending Adjusts Quickly to Equal Full-Employment