New classical economists believe that in useful macroeconomic models (a) agents optimize and (b) markets clear. Do

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New classical economists believe that in useful macroeconomic models (a) agents optimize and (b) markets clear. Do the models that emerge from the new Keynesian research effort have either or both of these properties? Explain.

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Question Posted: May 24, 2016 06:46 AM

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New classical economists believe that in useful macroeconomic models (a) agents optimize and (b) markets clear. Do

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The models that emerge from the new Keynesian research do no...View the full answer

Macroeconomics Theories and Policies

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