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According to Neoclassical Economists Before John Maynard Keynes

Question 46

Multiple Choice

According to neoclassical economists before John Maynard Keynes:


A) both the demand and supply of labour depend on the nominal wage rate
B) the forces of demand and supply in the labour market will automatically eradicate involuntary unemployment
C) involuntary unemployment can be a long-run problem
D) while the demand for labour depends on the nominal wage rate, the supply of labour depends on the real wage rate
E) the demand for labour depends on the nominal wage rate but the supply of labour depends on the real wage rate

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