This topic contains a solution. Click here to go to the answer

Author Question: According to the Classical model, unemployment (Read 35 times)

P68T

  • Hero Member
  • *****
  • Posts: 509

Question 1

Which of the following is an assumption used by Classical economists?


◦ Wages adjust downward but not upward.
◦ Wages adjust upward but not downward.
◦ Wages are inflexible.
◦ Wages adjust both upward and downward.

Question 2

According to the Classical model, unemployment


◦ could not persist because wages would rise to eliminate the excess supply of labor.
◦ could not persist because wages would fall to eliminate the excess supply of labor.
◦ could be eliminated through fiscal and monetary policies.
◦ could be eliminated only through government intervention.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by P68T on Apr 19, 2019

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
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




P68T

  • Member
  • Posts: 509
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

For a complete list of videos, visit our video library