The laissez-faire policy prescription to eliminate unemployment was to:
A) eliminate labor unions and government policies that hold real wages too high.
B) strengthen unions and government regulations protecting unions and workers.
C) increase real wages so that people are encouraged to work.
D) have government guarantee jobs for everyone.
Correct Answer:
Verified
Q1: The difference between the long-run and short-run
Q2: Keynesian economists believe:
A)government policies do not affect
Q4: Laissez-faire economists favor government intervention in the
Q5: Laissez-faire economists believe:
A)government policies are largely ineffective
Q6: Which of the following statements would a
Q8: Before the Great Depression the popular view
Q9: Policy issues of business cycles are considered
Q10: The four phases of the business cycle
Q11: Keynesian economists tend to focus their analysis
Q18: Cyclical unemployment is caused by fluctuations in
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