Which of the following types of unemployment can the classical model not explain?
a. Structural unemployment
b. Cyclical unemployment
c. Seasonal unemployment
d. Frictional unemployment
e. Temporary unemployment
B
Economics
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If the price of one good changes, what happens to the relative price and the slope of the household's budget line?
What will be an ideal response?
Economics
The labor supply curve facing a monopsonist is
a. downward sloping b. upward sloping c. a horizontal line d. backward bending e. a vertical line
Economics