Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 26, Problem 12RQ

Do neoclassical economists see a value in tolerating a little more inflation if it brings additional economic output? Explain your answer.

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Why would neoclassical economists think that the government doesn't need to take many steps to combat unemployment? Whether you concur or disagree Explain.
Does neoclassical economics view prices and wages as sticky or flexible? Why?
Explain why classical assumptions are not realistic?
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