what is the classical models explanation for


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

 

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: what is the classical models explanation for
Reference No:- TGS0328543

Expected delivery within 24 Hours