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In the essay,The Classical Macro Model by Thomas Rustici, debates within the classical macro school of thought concerning capital theory emerged. In the debate between
In the essay,"The Classical Macro Model" by Thomas Rustici, debates within the classical macro school of thought concerning capital theory emerged. In the debate between economist Eugen von Bohm Bawerk and John Bates Clark, Bohm Bawerk argued the real rate of interest was determined by: A. Subjective and marginal values for time as an economic good. B. Individuals that are too greedy and take too much from borrowers. C. The Federal Reserve and its Open Market Committee. D. The growth of the capital stock. E. The parasitical class of capitalists and government counterfeiters stealing from the public
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