QUESTION 20why is there NO persistent unemployment in the clancal modelO The rate of econeme rowth in always high enough ta alow those who wart to work at ument wages to find jobsO Unionation creates job security for workersO The wage level adjusts to eliminate unemploymentO The interest rate adusts to elminate unemploymentQUESTION 21Higher unemployment tends to be asociated withO higher real GDRO higher nominal GDRO the classical model.O lower real GDRQUESTION 22The concept of Say's law can be summed up by the phvase,Osupply and demand are irrelevant concepes.Oupply and demand are equivalent conceptsO"demand creates its own supply."Osupply creates its own demand

QUESTION 20 why is there NO persistent unemployment in the clasucal model O The rate of econeme rowth in always high enough to alow those who want t work at rent wags to find jos O Unionation creates job serurity for workers. O The wage level adjusts to eliminate unemployment O The interest rate adusts to eliminate unemployment

QUESTION 20 why is there NO persistent unemployment in the clasucal model O The rate of econeme rowth in always high enough to alow those who want t work at rent wags to find jos O Unionation creates job serurity for workers. O The wage level adjusts to eliminate unemployment O The interest rate adusts to eliminate unemployment

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 7P

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