What do you understand by classical macroeconomics?
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Classical macroeconomics is based on a set of postulates/assumptions such as long period, Say's law of market, full employment, flexibility of wages and prices, neutrality of money, absence of money illusion and dichotomy between real and monetary sectors.
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Classical macroeconomics is based on a set of postulates/assumptions such as long period, Say's law of market, full employment, flexibility of wages and prices, neutrality of money, absence of money illusion and dichotomy between real and monetary sectors.
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