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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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Answer: m-middle 3 bbg ❤️
Explanation:
Because I said so
The Executive Branch is responsible for either signing a bill into law or rejecting (vetoing) it, in which case the house must reach a 2/3r'd's majority to force it into law.
Answer:
Divine Right Theory
The authority of the king was likened to the absolute authority of God over humanity, on one hand, and the absolute authority of the father over his family, on the other
Explanation:
The scenario above best illustrates the tend and befriend, in which is a behavior being exhibited in protecting or seeking out mutual defense because of a threat. It is seen in the scenario above where Miranda seeks out mutual defense on her neighbors and the church community because of a problem which could be considered as a threat for her life.
