5. The model to which new classical economists applied rational expectations is described in the text as
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5. The model to which new classical economists applied rational expectations is described in the text as ‘market clearing’ and ‘monetarist’. How are these descriptions related? What must have been the principal assumptions of the model?
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Related Book For 
Monetary Economics Policy And Its Theoretical Basis
ISBN: 9780333792551
1st Edition
Authors: Keith Bain, Peter Howells
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