O A Click Submit to complete this assessment. estion 1 1- one of the most famous Classical economists is v and they They assumed that john Maynard Keynes Reacting to changes in money prices rather than relative prices Pure competition does not exists. 2-A dictum of economist J.B. Say is 3- one of the Assumptions of the classical model is wages and prices were flexible 4- Money Illusion means supply creates its own demand Adam Smith the competitive markets are not existed
O A Click Submit to complete this assessment. estion 1 1- one of the most famous Classical economists is v and they They assumed that john Maynard Keynes Reacting to changes in money prices rather than relative prices Pure competition does not exists. 2-A dictum of economist J.B. Say is 3- one of the Assumptions of the classical model is wages and prices were flexible 4- Money Illusion means supply creates its own demand Adam Smith the competitive markets are not existed
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Section: Chapter Questions
Problem 6CQQ
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