Aggregate Supply, Unemployment & Inflation Mcqs


Q.  An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

a. price level, aggregate economy
b. tax rate, government budget
c. wage rate, labor market
d. interest rate, market for loanable funds


ANSWER: See Answer
 
No explanation is available for this question!
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