26 Great job 10 yes yes Great answer 8 true Keynesian: Recall from the derivation of the labor coefficient that l = L/Y. Therefore L= lY. Solow: There is assumed to be full employment since wages adjust as in the classical model. 8 It is the reverse of the multiplier. When one firm lays off workers, those workers can no longer buy as many goods which forces other workers to be laid off.
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