According to the Classical Model, Unemployment

question 151

Multiple Choice

According to the Classical model, unemployment

• A) could not persist because wages would rise to eliminate the excess supply of labor.
• B) could not persist because wages would fall to eliminate the excess supply of labor.
• C) could be eliminated through fiscal and monetary policies.
• D) could be eliminated only through government intervention.

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Smooth Transition

The seamless or uninterrupted move from one part, condition, or moment to another, often used in speaking, writing, or multimedia presentations.

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Digital records or declarations, often related to financial accounts, policies, or personal beliefs, accessible through the internet.

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Young individuals who lack access to basic needs, privileges, and opportunities commonly available to others in society.