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book Macroeconomics 10th Edition by Roger Arnold cover

Macroeconomics 10th Edition by Roger Arnold

Edition 10ISBN: 978-1111823016
book Macroeconomics 10th Edition by Roger Arnold cover

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
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The new classical theory assumes that th...

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Macroeconomics 10th Edition by Roger Arnold
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