Reference Entry

classical model

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Third edition

Published in print January 2009 | ISBN: 9780199237043
Published online January 2009 | e-ISBN: 9780191726637
classical model

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A model of the economy in which it is assumed that prices, wages, and interest rates are flexible, so that

Reference Entry.  48 words. 

Subjects: Economics

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