<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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Active listing good attendance professional speaking computer skills
Answer:
Here are several roles of education in career development/advancement
- Helping you plan your career
First and foremost, education will teach you about your talent, skill sets, and desire. Before entering the job market, this will help you figure out things that you wish to achieve in your life based on the resources that are available to you.
- Making it easier for you to obtain jobs
Education tend to lead to higher skill sets. This means that people with more education will be seen as more resourceful by potential employer, which will make it easier for them to obtain jobs.
- Open up more job opportunities
If you continue to educate yourself and obtain more skills, there will be more tasks that you are capable of doing. This will lead to more job offers from your professional networks and higher chance to advance your career.
Answer:
In my <em>personal</em> opinion, Taj Mahal is the most beautiful building ever!
I know that not everyone would agree with me.
Many people <em>would</em> agree with me too.
Class E (listed as Class B in ANSI Z89. 1-1986)