Question
According to the closed-economy Classical model, the real wage adjusts to clear the labor market, the price of goods adjusts to clear the goods market,
According to the closed-economy Classical model, the real wage adjusts to clear the labor market, the price of goods adjusts to clear the goods market, and the expected real interest rate on bonds adjusts to clear the money market.
True or False
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
