Economy, asked by Antech, 1 month ago

People are rational and therefore form expectations rationally. It follows that New Classical macroeconomics is realistic, and thus that government macroeconomic policy can have no effects on real variables.” Discuss.

Answers

Answered by keenakrishnani
1

Explanation:

In particular, New-classical economists believe that, to develop, countries must liberate their markets, encourage entrepreneurship (risk taking), privatise state owned industries, and reform labour markets, such as by reducing the powers of trade unions.

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