#Indian_economy #Indian_Economic_Service #upsc_economics_optional #ugcnet #ugcnetexam #net_economics #jrf #macroeconomics #sunidhiarya_mathematicaleconommics

Hello everyone, In this video I have discussed that the classical economists believed that there was always full employment in the economy. In case of unemployment, a general cut in money wages would take the economy to the full employment level. This argument is based on the assumption that there is a direct and proportional relation between money wages and real wages.

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