Answered: according to neoclassical theory, what…

according to neoclassical theory, what determines wages and the return to capital? How would a Marxist or Institutionalist take issue with such a description of income distribution?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter26: The Neoclassical Perspective

Section: Chapter Questions

Problem 10RQ: Do neoclassical economists tend to focus more on long term economic growth or on recessions? Explain...

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