This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to classical economists, excessive unemployment does notpersist in the economy because (Read 86 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Apr 19, 2019

Question 1

According to classical economists, the only types of unemployment that exist in an economy are


◦ structural and frictional unemployment.
◦ cyclical and frictional.
◦ seasonal and cyclical.
◦ frictional and seasonal.

Question 2

According to classical economists, excessive unemployment does 
not persist in the economy because


◦ wages will always adjust to ensure equilibrium in the labor market.
◦ the labor demand does not change in the economy.
◦ the labor supply does not change in the economy.
◦ interest rates always change to insure equilibrium in the money market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cool on Apr 19, 2019

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


cool

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Apr 19, 2019
Excellent


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ... Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ...
Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ... Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ...
Classical complement activations. IgM and IgG3, IgG1, and IgG2 activate the classical pathway of ... Classical complement activations. IgM and IgG3, IgG1, and IgG2 activate the classical pathway of ...
Classical Conditioning and Food Classical Conditioning and Food
Excessive video gaming decrease social and physical development in a child Excessive video gaming decrease social and physical development in a child
economy manegment economy manegment
Video: Biological organic compounds

For a complete list of videos, visit our video library