Answer:
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Explanation:
<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.
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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:
Managerial streamlining
Explanation:
Managerial streamlining is a type of business process improvement, which task are made more efficient and effective with a focus on achieving business goals and objectives.
Answer:
Constitutional Convention
Explanation:
Constitution convention consists of the body of delegates which gathered together to write a new constitution or to ratify the present one. The Philadelphia Convention of 1787 which took place to solve the problem of weak federal government eventually turned towards an entirely new plan and therefore the Article of Confederation was replaced by new written Constitution.
Answer: b. religious freedom
Explanation:
In 1633, Cecilius Calvert the 2nd Lord of Baltimore who was a Catholic founded the colony of Maryland so that he and other English Catholics like him could exercise a freedom to practice their Catholicism in peace as England being a Protestant country had placed restrictions on Catholics.
Thomas Hook-er established the colony of Connecticut with a 100 others in a bid to practice being Puritans without persecution or disturbance.
Roger Williams founded the colony of Rhode Island in 1644 by buying the land from the Narragansett Indians. He was a fervent believer in the notion that people should have religious freedom and that the Church and the State should be separate entities. This was a view that got him banished from the colony of Massachusetts Bay which was what led him to Rhode Island.
