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nataly862011 [7]
2 years ago
15

Classical economists saw the depression as a political problem, not an economic problem. why?

Business
1 answer:
navik [9.2K]2 years ago
5 0

Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving  to the right level.

<h3>Classical economists</h3>

The Classical economists believe that the  great  depression experience  was as a result of  as a political problem.

The reason why they believe it was political problem was because  they felt the labor unions  who is the union responsible for fight for the right of workers were the one that  stop or prevent  the wage level from moving  to the right level.

Therefore they believed that labor unions were stopping the wage level from rising.

Learn more about Classical economists here:brainly.com/question/419703

#SPJ12

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