Lecture 2 4

Lecture 2 4 - Market Clearing (Flexible Prices) Fixed...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Classical Macroeconomics Building blocks of macroeconomics Theory before the “Keynesian Revolution”. Classical theory assumes:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Market Clearing (Flexible Prices) Fixed Capital Stock at a point in time Full Employment at a point in time...
View Full Document

This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

Ask a homework question - tutors are online