<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.
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Answer:
Sea Level Changes late Holocene sea level ( BC) Holocene delta development worldwide (3500 BC) By 4000 BC sea level rise began to slow and deltas begin to form. ... A notable example is the mesopotamia delta (3200 BC) in times leading up to the great flood. This is a condition that had not existed for 120,000 years..............
Source : Book
Answer:
no
Explanation:
i have never ever thought
<u>Answer:
</u>
The model that involves such recognition is referred to as the 'ideal model' of undue influence.
<u>Explanation:
</u>
- The ideal model of undue influence refers to the cases of financial remuneration where the influence creates an ignorance towards the differences existent in the remuneration of employees working at the same level.
- The inverse of this model is also true and is again considered to be a part of undue influence. But in that case, the nature of work allocated to the employees is different in true sense.
