Draw the diagram ADF.

Draw the diagram for Aggregate supply curves diagram.

Comparison of Classicism and Keynesianism.

In each of the following scenarios, classify the individual as frictionally, structurally, or cyclically unemployed. Explain your classification.
(a) There has been a general economic slow down. Because of weak demand, Kumar has lost his portering job at the railway station.
(b) Sathish, a newly qualified dental graduate, is looking for a place to set up practice.
(c) Latha is thrown out of work by the introduction of a more mechanized production process.
(d) Devi, a computer programmer with a large bank, quit her job two months ago in search of a better-paid programming position. She is still looking.

State the ‘Full Employment’ in The Classical view.