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.

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Rohit Sharma · Accepted Answer

Final Answer : C, Explanation :  The classical theory of employment asserts that there may be occasional unemployment, but the economy will eventually return to full employment through market adjustments. This theory does not suggest that unemployment will always or usually exist, or that there will never be any unemployment.

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