
Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016
Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 16
Why is the new classical theory associated with the word "classical"? Why has it been said that classical theory failed where new classical theory succeeds, because the former could not explain the business cycle (the ups and downs of the economy), but the latter can?
Explanation
The new classical theory assumes that th...
Macroeconomics 10th Edition by Roger Arnold
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