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We have already covered some of this material in the previous module. The Classical approach, in line with the Solow model conclusions, aims at increasing
We have already covered some of this material in the previous module. The Classical approach, in line with the Solow model conclusions, aims at increasing supply, in order to generate more wealth to share around and to increase investments. However, it downplays demand effects, assuming they adjust quickly. Also that efforts by the government are less effective at improving the economy than letting markets adjust without interference
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