Chapter 11 self-review

Chapter 11 self-review - Chapter 11 (262-267) Self-Review...

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Chapter 11 (262-267) Self-Review 30/03/2008 17:57:00 Say’s Law     : Supply creates its own demand; hence it follows that desired  expenditures will equal actual expenditures Assumptions of the Classical Model: Pure competition exists Wages and prices are flexible People are motivate by self-interest
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This note was uploaded on 11/13/2008 for the course ECON 205 taught by Professor Kamrany during the Spring '07 term at USC.

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Chapter 11 self-review - Chapter 11 (262-267) Self-Review...

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