The Classical Model Does a Good Job of Explaining the __________

question 36

Multiple Choice

The classical model does a good job of explaining the __________ while doing poor a job of explaining the __________.

• A) short run;long run
• B) business cycle;long run
• C) short run;business cycle
• D) unemployment rate;interest rates
• E) long run;short run

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Definitions:

Source Countries

Countries from which people emigrate or seek refuge, often in the context of migration studies.

Convention Refugee

Individual who has been granted asylum by the 1951 Geneva Convention Relating to the Status of Refugees; someone who has reason to fear persecution in his or her country of origin due to race, religion, nationality, membership in a social group, or political opinion.

Protected Person

Someone who, according to the Immigration and Refugee Protection Act, meets the definition of a Convention refugee and can also mean a person in Canada who, if they were sent home, would be tortured or at risk of cruel and unusual treatment or punishment.

Privately Sponsored Refugee

A refugee who is supported financially and socially by private individuals or groups rather than by the government directly.