Whats wrong with the classical theory of self-adjustment? Why didnt sales and employment increase in 19291933 in

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What’s wrong with the classical theory of self-adjustment? Why didn’t sales and employment increase in 1929–1933 in response to declining prices and wages?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 03, 2018 08:46 AM

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Whats wrong with the classical theory of self-adjustment? Why didnt sales and employment increase in 19291933 in

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Although classical theory calls for selfadjustment th...View the full answer

The Macro Economy Today

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