5. The early classicists thought that (a) flexible wages and prices and (b) the interest rate would...

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5. The early classicists thought that

(a) flexible wages and prices and

(b) the interest rate would ensure that a market economy would reach an equilibrium only at full employment. Why did Keynes disagree? Explain.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 07:01 AM

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5. The early classicists thought that (a) flexible wages and prices and (b) the interest rate would...

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Economics Private And Public Choice

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