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Full question:</u></h3>
Why is persistent unemployment a possibility in the Keynesian model but NOT in the classical model?
A) The Keynesian model assumes that the level of real GDP is inflexible.
B) The Keynesian model assumes that people work for motives other than those of earning an income for themselves and supporting a family.
C) The Keynesian model assumes that workers can lose their jobs to foreign competition during economic downturns.
D) The Keynesian model assumes that nominal wages are inflexible downward.
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Answer:</u></h3>
The Keynesian model assumes that nominal wages are inflexible downward - is persistent unemployment a possibility in the Keynesian model
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Explanation:</u></h3>
The classical model is quite the usual microeconomic principles. Keynes claimed that the classical model is not common. In the classical model, the basis for the rationalizing is notional demand and supply, which implies market equilibrium. Keynes proposed the idea of aggregate demand, the overall demand for products and services in the economy.
Keynes supposed that the unemployment force persists regularly. Keynes was suspicious that the economic dominance of demand and supply drive the economy to a common equilibrium. Rising government spending or cutting taxes will boost aggregate demand.
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The term that could be best described as the way that Kevin is thinking is a social comparison. Social comparison is being defined as a way of individual's determine his or her social worth in which could be based from how the person stack against other people in which we could see how Kevin felt better after finding out that Samantha was struggling more than him.
Answer:
Thirst, Fear
Explanation:
One of the key differences between many drive states is the extent to which they are triggered by internal stimuli, such as the <u>thirst </u>drive state, versus external stimuli, such as the <u>fear </u>drive state.
Thirst is an internal stimuli while fear is an internal stimuli. The drive theory is an attempt to classify physiological drives such as thirst, hunger and fear and how they control the behaviour or response of an individual.
