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The primary reason why classical economists believe that nominal shocks are not a significant determinant of the busines
Posted: Sun Jul 03, 2022 3:42 pm
by answerhappygod
- The Primary Reason Why Classical Economists Believe That Nominal Shocks Are Not A Significant Determinant Of The Busines 1 (10.41 KiB) Viewed 28 times
The primary reason why classical economists believe that nominal shocks are not a significant determinant of the business cycle is that they believe that markets are to adjust. implying that prices are imperfectly competitive and inefficient; slow O imperfectly competitive and inefficient; quick competitive and efficient; quick competitive and efficient: slow