one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

Related Mcqs:

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation B. a supply shock C. crowding out D. inflation illusion...

The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

A. long run, short run B. flexible imperfect markets C. short-term long run D. long run, imperfect markets...

Governments may contribute to inflationary pressure because of building up large ?

A. numbers of employees B. welfare plans C. budget deficits D. expenditures...

When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

A. Shifts in aggregate supply B. changes in export demand due to the state of the world economy C. business confidence D. business expectations...

All the following are types of monetary policy expect ?

A. a nominal money stock target B. a balanced budget C. an inflation target D. The pursuit of a target real interest rate...