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In macroeconomics, the classical dichotomy refers to an idea attributed to classical and pre-Keynesian economics that real and nominal variables can be analyzed separately. To be precise, an economy exhibits the classical dichotomy if real variables such as output and real interest rates can be completely analyzed without considering what is happening to their nominal counterparts, the money value of output and the interest rate.
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In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
What is the adjustment process in classical economics?
economics
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
Definition of cardinal approach theory in economics?
this approch is also known as uttility approch or classical approch because it was very presented by the classical or orthodox economics
In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
What is the adjustment process in classical economics?
economics
In contrast with classical economics Keynesian economics .?
takes a broader view of the economy
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
Definition of cardinal approach in economics?
this approch is also known as uttility approch or classical approch because it was very presented by the classical or orthodox Economics
What is the similarities between classical and Keynesian school of thoughts in economics?
Keynesians say that government should interven in economic activities where as classical say not too
Definition of cardinal approach theory in economics?
this approch is also known as uttility approch or classical approch because it was very presented by the classical or orthodox economics
What are the characteristics of classical economics?
the law of suply and demand
What is the principle of dichotomy?
The principle of dichotomy states that every proposition can be either true or false, but not both. It is a fundamental concept in classical logic, where statements are categorized as either being true or false. This principle forms the basis for logical reasoning and analysis.
Main difference between classical macro-economics and neo-classical thoughts?
what is diff b/w the classical economist and keynes economist
What has the author Gilles Campagnolo written?
Gilles Campagnolo has written: 'Criticisms of classical political economy' -- subject(s): Classical school of economics 'Existe-t-il une doctrine Menger?' -- subject(s): Economics, Austrian school of economics
