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Business, 02.12.2020 17:10 coollid876

Read the two statements and decide if they are true or false (I) Classical economists believe that prices are inflexible and that demand creates supply, so we should focus on increasing spending and stimulating aggregate demand to boost the economy out of a recession. (II) Keynesian economists believe that prices are flexible and that supply creates demand, and so we should focus on production rather than just increased spending.

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Read the two statements and decide if they are true or false (I) Classical economists believe that p...
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