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Author Question: According to the Classical model, unemployment (Read 37 times)

P68T

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on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by P68T on Apr 19, 2019

TDubDCFL

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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.
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P68T

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
:D TYSM

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