Arguments on unemployment and the labor market

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Reference no: EM131091605

Practice the classical and the Keynesian arguments on unemployment and the labor market:

a. With a labor market diagram, illustrate how a classical thinker explains higher-than-desirable unemployment. Add a few words of explanation. (Literally a few words.)

b. Make ONE Keynesian argument that disputes the classical explanation of unemployment.

Reference no: EM131091605

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