<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.
<u />
Answer:
Many scholars believe that the collapse of the Indus Valley Civilization was caused by climate change. ... By 1800 BCE, the Indus Valley climate grew cooler and drier, and a tectonic event may have diverted or disrupted river systems, which were the lifelines of the Indus Valley Civilization.
Answer:
Social psychologists focus on how people construe or interpret situations and how these interpretations influence their thoughts, feelings, and behaviors (Ross ...
Fighting major sea battles between 1861 and 1862, creating a blockade of confederate ports, taking control of the Mississippi river.
<span>Conflict between 'pro-choice' and 'pro-life' advocates involves ethical principles,
such as the morality of abortion.
</span><span>
They say that abortion is to be regretted , but there are other influential factors that may make certain abortions morally justifiable.
</span>
<span>Hope my answer would be a great help for you.
If </span>you have more questions feel free to ask here at Brainly.
<span> </span>
