According to classical economists,
A) full employment means zero unemployment
B) as long as markets clear,no government action is needed to ensure full employment
C) even if all markets clear,government action is needed to correct labor market imperfections if the economy is to reach full employment
D) as long as markets clear and government provides jobs to those who need them,the economy will be at full employment
E) even if markets clear,cyclical unemployment will still persist in the long run
Correct Answer:
Verified
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Q47: Which of the following is not an
Q48: The aggregate production function is the
A) relationship
Q49: According to the classical model,if there are
Q51: The aggregate production function shows us that
Q52: Which of the following is a definition
Q53: It is possible for an economy to
Q54: The classical model assumes that
A) the supply
Q55: The economy's level of output depends upon
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