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Classical Economics (1 Jan 1776 Jahr – 1 Jan 1870 Jahr)

Beschreibung:

- Decrease in demand equals a decrease in spending which makes prices fall and increase spending again leading to full employment
- Temporary unemplotement could cause wages to fall making employers hire new workers allowing for full employement

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Economics Timeline

ByAnastasia Larionova
21 Sep 2020
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259

Datum:

1 Jan 1776 Jahr
1 Jan 1870 Jahr
~ 94 years
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