Explain the theory of the classical economists, Macroeconomics

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Explain the theory of the classical economists

Problem

1. Explain why the aggregate demand curve is downward sloping. How does your explanation differ from the reasons behind the downward-sloping demand curve for an individual product?

2. Explain the theory of the classical economists that flexible prices and wages ensure that the economy operates at full employment.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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