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What is the classical model's explanation for involuntary unemployment?
According to the classical model, involuntary unemployment only increases when there is something impeding market forces, such as a minimum wage law, public safety net policies, regulations on business, or union activity
1. Econ 415 Project Select one time series of real data. The series can be selected from the published data ( http://research.stlouisfed.org/fred2/). The data series must co
le..what was 6th financial planning of india?
The government notices that there is an output gap and decides to increase government spending with a stimulus package of $4 trillion in hopes that it will spur growth and stop une
periodic table groups and acid and basic radical
Theories of Chamberlin’s monopolistic competition and Joan Robinson’s imperfect competition have revealed that a firm under monopolistic competition or imperfect competition in lon
Risk Loving - A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value. Examples: Gambling, some
WHAT IS OPPORTUNITY COST
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism
Andrew has preference given by: u(x,y) = min{2x, 3y} The price for good x and good y are identical and equal to 4. At his optimal consumption bundle he achieves a utility of 90. W
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