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Classical School of Thought - What is the classical economics position with respect to (a) wages?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 6SCQ: The Consumer Price Index is subject to the substitution bias and me quality/new goods bias. Are the...

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2. Classical School of Thought - What is the classical economics position with respect to
(a) wages?
(b) prices?
(c) interest rates?

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