New Classical theories suggest that fluctuations in employment and wages can be caused by the supply side of the labour market through changes in the
A) willingness of firms to hire workers.
B) marginal efficiency of investment.
C) level of net exports in the economy.
D) willingness of workers to supply their labour.
E) price level.
Correct Answer:
Verified
Q25: Suppose there are 2000 unemployed textile workers
Q26: The economy in the diagram below begins
Q27: If there were an increase in the
Q28: A likely consequence of firms paying "efficiency
Q29: Suppose that next year 300 000 existing
Q31: If labour markets had perfectly flexible wages,
Q32: In macroeconomic theories of national- income determination,
Q33: A central argument of New Keynesian theories
Q34: Suppose that unemployed workers searching to replace
Q35: Which statement by an employer is consistent
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents