Long-run unemployment in the classical model is considered to be impossible because
A) flexible prices and wages keep workers fully employed.
B) the government will intervene to aid the unemployed.
C) job placement and training programs are rampant in the United States.
D) the labor supply is horizontal.
A
Economics
You might also like to view...
The actual time length of the short run is determined by when diminishing marginal returns start
Indicate whether the statement is true or false
Economics
Saving in the economy:
A. Occurs when current spending is less than current incomes B. Is generally not a determinant of future output C. And investment are essentially the same concept D. Occurs when current consumption is more than current output
Economics