The correct answer is Stagflation
Explanation: Stagflation is defined as a typical situation of recession, decrease in economic activities and increase in unemployment rates, besides the economy.
Answer:
hope it helps
Explanation:
The Equator and Prime Meridian are circles that stretch all the way around the Earth. The Equator separates the Northern and Southern Hemispheres. ... The Prime Meridian separates the Eastern and Western Hemispheres. The Prime Meridian runs through Greenwich, England and is at 0° longitude.
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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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The Keynesian model assumes that nominal wages are inflexible downward - is persistent unemployment a possibility in the Keynesian model
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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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Answer:1350$
Explanation:
The amount you owe in Income taxes is $1,350.