The classical economists thought that supply creates its own demand and investment spending always equals savings.
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Q129: The acceptance of economic theories depends only
Q130: All macroeconomic models attempt to explain the
Q131: The classical economists held that the economy
Q132: Classical economics favored government intervention in the
Q133: The classical economists believed changes in wages
Q135: According to Keynesian economists, government efforts to
Q136: Keynesian economists do not think flexible wages
Q137: In the Keynesian model, total spending in
Q138: In the Keynesian model, if leakages from
Q139: In the new classical model, aggregate supply
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