Economy, asked by bisht4647, 1 day ago

What is classical theory of money?

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Answered by varuni2709
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Answered by Anonymous
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The fundamental principle of the classical theory is that the economy is self‐regulating.The classical doctrine—that the economy is always at or near the natural level of real GDP—is based on two firmly held beliefs: Say's Law and the belief that prices, wages, and interest rates are flexible.

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