<h3><u>
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.
<h3><u>
Answer:</u></h3>
The Keynesian model assumes that nominal wages are inflexible downward - is persistent unemployment a possibility in the Keynesian model
<h3><u>
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 answer is neurotic trend of "moving toward people".
There are three principle neurotic trends as depicted by Karen Homey, which develop from a people system of engaging nervousness.The trends are:
Moving Toward People
Moving Against People
Moving Away From People
I’m kinda slow but I have a brain please don’t judge me
<u>The different groups in the US labor force:</u>
The overall number of workers is that of both the workers and the unemployed. There were around 160 million Americans in January 2018.
There are two elements of civil work, According to the Bureau of Statistics on Labor (BLS), the definition "employees" as people who were at least one hour paid jobs employed or 16 years of age or older (or unpaid labor in their own firm) within their source week, or who were at least fifteen hours working unpaid in the family firm in the mother tongue of the Global population Poll. Military members, institutional people, farmers and employees of the federal government are excluded.
