The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

Related Mcqs:

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?

A. market prices B. sticky prices C. fixed prices D. regulatory prices...

According to the classical economists the economy ?

A. requires fine tuning to reach full employment B. can never deviate from full employment C. will never be at full employment D. is self-correcting....

The economists who emphasised wage flexibility as a solution for unemployment were ?

A. new-Keynesian. B. post-Keynesian. C. classical economists. D. Keynesian....

According to classical models, the level of employment is determined primarily by ?

A. the level of aggregate demand for goods and services. B. prices and wages C. interest rates D. the quantity of money...

According of Keynes, the level of employment is determined by ?

A. the behaviour of trade unions. B. the quantity of money C. price and wages D. the level of aggregate demand for goods and services...