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Author Question: According to classical economists, excessive unemployment does notpersist in the economy because (Read 81 times)

cool

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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
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Marked as best answer by cool on Apr 19, 2019

ebe

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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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cool

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Reply #2 on: Apr 19, 2019
Excellent


ebe

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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