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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 15
Circle the letter that corresponds to the best answer. Which statement best describes the classical theory of employment?
A) We will always have a great deal of unemployment.
B) We will usually have a great deal of unemployment.
C) We will occasionally have some unemployment, but our economy will automatically move back toward full employment.
D) We never have any unemployment.
A) We will always have a great deal of unemployment.
B) We will usually have a great deal of unemployment.
C) We will occasionally have some unemployment, but our economy will automatically move back toward full employment.
D) We never have any unemployment.
Explanation
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The classical economists believed that t...
Macroeconomics 11th Edition by Stephen Slavin
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