Classical Economists Believed I. There Could Be Temporary Periods of Unemployment

Multiple Choice

Classical economists believed
I. there could be temporary periods of unemployment.
II. emphasis should be placed on the long run, and in the long run all would be set right
Because of the smooth functioning of the price system.
III. the Great Depression would be a short-run aberration.

A) I only
B) I and II only
C) II only
D) I, II, and III