The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

Related Mcqs:

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 ?

A. quickly B. slowly C. very infrequently D. instantly...

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

A. voluntary unemployment B. classical unemployment C. voluntary unemployment D. Frictional unemployment...

Possible causes of involuntary unemployment are ?

A. minimum wage agreements B. trade C. scale economies D. insider-outsider distinctions E. efficiency wages F. all of the above...

During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?

A. rise B. fall C. not changes D. fluctuates...

The Phillips curve shows the trade-off between _____ and _____?

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...