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 39 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?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

A Simple Neural Model of Classical Conditioning A Simple Neural Model of Classical Conditioning
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A dim headlight indicates excessive resistance in fuel pump circuit. A dim headlight indicates excessive resistance in fuel pump circuit.
Migration and Global Economy Migration and Global Economy
The Power of Classical Conditioning The Power of Classical Conditioning
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library