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Classical School of Thought - What is the classical economics position with respect to (a) wages?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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**2. Classical School of Thought**

What is the classical economics position with respect to

(a) wages?

(b) prices?

(c) interest rates?

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