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Business, 21.01.2021 23:10 AsapYeff

For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Keynesian economists, or monetarists. If the viewpoint is shared by more than one group, check all that apply. a. A decrease in aggregate demand will only lead to a temporary departure from full employment output. Since prices and wages are flexible, the economy will automatically adjust to full employment in the long run.
b. The velocity of money, while not constant, is predictable.

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For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Ke...
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