Answer:
Below the classical model, economic growth is necessarily achieved because of stability in the wage level. For instance, one case of unemployment predominates at a real wage (W / P)1.
Currently, the excessive labor supply would lower the actual wage level before labor supply equals its demand. Eventually, real wage rates would decline to (W / P)F, whereby aggregate labor demand is perfectly matches by aggregate labor supply.
Only the supply side of the production market for products defines the quantity of output & jobs in the classical model.
As the classical method is supply-determined, it states that equiproportional increases (or declines) will not alter the supply of labor in both the rate of money wage and the price level.
