Regarding unemployment, the classical model implies that A) ...

[tsand2]

Regarding unemployment, the classical model implies that
 
  A) unemployment always exists.
  B) unemployment cannot exist.
  C) voluntary unemployment is zero, but involuntary unemployment often is fairly high.
  D) only voluntary unemployment exists.

Question 2

Between the years 1998 and 2001, the U.S. government experienced
 
  A) budget surpluses.
  B) balanced budgets.
  C) budget deficits.
  D) contractionary budget cycles.

[Jadwiga9]

Answer to Question 1

D

Answer to Question 2

A