Problem
Classical economists assumed that highly competitive labor and capital markets would keep the economy around full employment. Which of these two markets in our economy is the most like classical analysis? If these markets are not highly competitive, what might that mean for the conclusion by classical economists that full employment will typically prevail?
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.