The traditional business cycle is a cycle of economic boosts and recessions; <span>stagflation is an economic recession. </span>
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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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<u>Answer:
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The type of factor that probably plays a bigger role in determining whether a person will try a drug in the first place, as opposed to determining which of those who try it will become dependent is the social factor.
<u>Explanation:
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- The behavior that a normal person exhibits is often controlled by various factors. One of those factors is the societal pressure that the person inevitably experiences.
- The choices that are made by an individual are often influenced by the thought pertaining to the acceptance that the people show towards the choice in general.
- Hence, the social factor plays a considerable role in determining whether a person will try a drug at all or not.
Answer:
D.
Explanation:
The construction of the cargo ships would provide income for the Port of Brunswick
