Minnesota is north of Iowa.
P.S, you spelled "which" wrong it's without the 't'
<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
<h3><u>
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.
<u />
<span>Anything that is done over a distance per unit time will always be an example of</span>
There are two types of choices when one makes a vote:
- <u>The Rational Choice:</u> A "rational" voter is conscious that voting is a personal right that is attributed to each and every one of the citizens of a given country. It is up to that voter's criteria to discern which candidate to vote for.
- <u>The Collective Voting Choice:</u> A "collective" voter will probably tend to conform with a group he or she belongs and vote according to the choice that the group has convened to be the best. People that belong to political parties or other organizations tend to be collective voters.
Regarding the case mentioned in the question, when a voter assesses a candidate's past performance, regardless of the political affiliation of this candidate, he is engaging in a "rational" vote.
