Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 26, Problem 18CTQ

Explain why the neoclassical economists believe that the government does not need to do much about unemployment. Do you agree or disagree? Explain.

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Why would neoclassical economists think that the government doesn't need to take many steps to combat unemployment? Whether you concur or disagree Explain.
In a neoclassical model, describe how each of the following developments or measures will impact unemployment:•    a rise in income levels for consumers throughout the economy•    cheaper imported products•    a fall in government spending
Explain how each of the following events or policies will affect unemployment in a neoclassical model: tax cut for consumers a rise in business confidence that increases investment a fall in export sales to a major trading partner a rise in income levels for consumers throughout the economy cheaper imported products a fall in government spending
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