<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
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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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Answer: captian john Smith
Explanation:
Captain john Smith was a leader for southern colonies
Answer:
The first objective lens that someone should first use to view a slide is the 4x magnification objective lens.
Explanation:
- This is because the 4x magnification objective lens has got the lowest magnification power.
- This in turn means that it has the highest field of view.
- This in turn makes it easier to locate the specimen first before switching to lenses with higher magnification power for focus after finding the location of the specimen.
Answer:
the answer is conference of judges
Answer:
Explanation:
Former enslaved people often made very effective abolitionists as they had experienced the hardships of forced labor first hand and understood just how important of an issue the dissolving of slavery was.
