Neo-classical economics
Neo-classical economics
Glossary micro and macro economics
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Economics
Definition of neo-classical economics
Neo-classical economics : school of economic thought holding that macro-economic instability is a short-run event, and that the economy is stable at full employment in the long run because prices and wages automatically adjust for downturns in GDP, causing an eventual return to full employment, noninflationary output.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of neo-classical economics
Meaning of neo-classical economics
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