Well, capitalism is not always a free-market economy.
A typical capitalism is a free-market economy, which means that the market itself (buyer and sellers) can decide the prizes and terms of services.
In capitalism, the capital is privately, and not state owned. But capitalism can also come in other forms: of social democracy with partially free market, and with other forms which include corporations having controls over the market.
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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 major portion of an atoms mass consists of n<span>eutrons and protons.</span>
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According to the Interim Constitution of Nepal 2063, the nation is defined as "having common aspirations and united by a bond of allegiance to national independence, integrity, national interest, and prosperity, the Nepalese people endowed with multiracial, multilingual, multi-religious and multicultural specialties
Explanation:
Answer:
Encourage them to address this kind of stuff ig. Also try to explain how to address racial discrimination in the correct way without getting anybody hurt verbally or physically.
