According to Classical Economists,the Increase in Unemployment in Recessions Is

question 20

Multiple Choice

According to classical economists,the increase in unemployment in recessions is caused by

• A)slack aggregate demand.
• B)the failure of wages to adjust to restore equilibrium in the labour market.
• C)the power of labour unions,which prevent firms from cutting wages.
• D)a mismatch of workers and jobs.

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Definitions:

Career Choices

The selection of a profession or job based on personal interests, values, and abilities, significantly influencing one’s life path.

Gender Typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes deemed appropriate for their gender in their culture.

Masculine

Traits or characteristics traditionally associated with men or the male gender.

Feminine

Qualities or attributes regarded as characteristic of women or girls, often socially constructed rather than inherent.