Classical model explanation for involuntary unemployment, Microeconomics

Assignment Help:

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

 


Related Discussions:- Classical model explanation for involuntary unemployment

Participation in global system of production, Participation in Global Syste...

Participation in Global System of Production: As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressiv

Keynesian model, in the keynesian model the price is assumed to be what? a....

in the keynesian model the price is assumed to be what? a.exogeneous and remaaining constant b. endogeneous and remaining constant which is correct?

Working capital, Working Capital: A business requires a certain revolving f...

Working Capital: A business requires a certain revolving fund of finance to pay for regular purchases of initial labour, raw materials and other inputs to production. Working capit

Determine the productivity level of us, Determine the productivity level of...

Determine the productivity level of US Those who live in relatively poor regions of the world today have higher material living standards than their predecessors who lived in t

Loanable funds and supply of loanable funds, Another school of thought deve...

Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men

Iso curve, how do i make one on excel

how do i make one on excel

Micro, Using tools of indifference curve, highlight on consumption in busin...

Using tools of indifference curve, highlight on consumption in business economics.

How are the limitations of the economics theory affected, How are the limit...

How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump

Water meter replacement program, Water Meter Replacement Program: Typi...

Water Meter Replacement Program: Typically water providers install meters at each service address, read meters monthly and charge customers according to their usage. In resid

Monopolistic compitition, importance of monopolistc competition in Indian m...

importance of monopolistc competition in Indian market.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd