What is the classical dichotomy? According to the quantity theory, what determines the inflation rate in the long run? We begin by presenting a framework to ... ... <看更多>
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What is the classical dichotomy? According to the quantity theory, what determines the inflation rate in the long run? We begin by presenting a framework to ... ... <看更多>
As I understand it, the classical dichotomy is the assumption that changes in nominal variables do not affect real variables. But my textbooks ... ... <看更多>
Question: classical dichotomy refers to which one of the following? (1) There are two sectors of the economy, namely agriculture and industry (2)... ... <看更多>