Long-Run Unemployment in the Classical Model Is Considered to Be

question 227

Multiple Choice

Long-run unemployment in the classical model is considered to be impossible because

• A) the government will intervene to aid the unemployed.
• B) job placement and training programs are rampant in the United States.
• C) flexible prices and wages keep workers fully employed.
• D) the labor supply is horizontal.

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Definitions:

Stimulating Mobile

A device, often used in infant cribs, designed to entertain and visually stimulate babies through moving figures and objects, sometimes incorporating music.

Newborn

A very young baby, often defined as being within the first days or weeks of life outside the uterus.

Objects

Material things that can be seen or touched.

Maturation Effects

changes in behavior or performance that result from natural growth or development, rather than from learning, training, or experience.