What classical economists assume about flexibility of prices


Question:

(Evolution of Fiscal Policy) What did classical economists assume about the flexibility of prices, wages, and interest rates? What did this assumption imply about the self-correcting tendencies in an economy in recession? What disagreements did Keynes have with classical economists?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: What classical economists assume about flexibility of prices
Reference No:- TGS02097276

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)