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    Economics Study Set 7
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    Exam 25: Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical
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    The Assumption of Wage and Price Flexibility Lead Classical Economists
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The Assumption of Wage and Price Flexibility Lead Classical Economists

Question 52

Question 52

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The assumption of wage and price flexibility lead classical economists to conclude that business cycle fluctuations are short-term in nature.

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