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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Definitions:

Antisocial Personality Disorder

A chronic mental health issue characterized by an ongoing pattern of failing to respect or breaching the rights of other people.

Biological Perspective

An approach in psychology that examines psychological disorders and phenomena from a biological standpoint, focusing on genetics, neurotransmitters, and brain structures.

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships, often resulting from a fear of abandonment and difficulty regulating emotions.

Mood Disorders

A category of mental health disorders characterized by significant changes or disturbances in mood, such as depression or bipolar disorder.