Author Question: Given the assumptions of the classical model A) the economy will often experience recessions and ... (Read 69 times)

bcretired · **on:** Jun 29, 2018

Given the assumptions of the classical model

A) the economy will often experience recessions and expansions.
B) expansion will be the normal condition, but recessions will often be severe and require government intervention.
C) the macroeconomy is erratic, and problems will often be increased over time.
D) the market is a self-correcting mechanism.

Question 2

A job leaver is an individual

A) in the labor force whose employment was involuntarily terminated.
B) who used to work full time but left the labor force and has now reentered it looking for a job.
C) in the labor force who quits voluntarily.
D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.