Name the three markets that comprise the macroeconomy and explain how traditional economists come to the conclusion that all three markets tend to be in equilibrium.
-Which neoclassical argument claims that prices and output react in a certain way to outside shocks so as to lead back to equilibrium?
Correct Answer:
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Q1: Whats defention of terms:
-Equilibrium
Q2: Whats defention of terms:
-outside shock
Q4: Name the three markets that comprise the
Q5: Name the three markets that comprise the
Q6: Name the three markets that comprise the
Q7: Give a brief history of the evolution
Q8: Give a brief history of the evolution
Q9: Compare and contrast the traditional and progressive
Q10: Compare and contrast the traditional and progressive
Q11: What are the three main markets that
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