Explain why the neoclassical economists believe that the government does not need to do much about unemployment.

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Explain why the neoclassical economists believe that the government does not need to do much about unemployment. Do you agree or disagree? Explain.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 07, 2023 05:55 AM

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Explain why the neoclassical economists believe that the government does not need to do much about unemployment.

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Neoclassical economists believe that the government does not need to intervene in the labor market to reduce unemployment This is because they believe that the labor market is selfcorrecting and that ...View the full answer

Principles Of Economics

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