Classical Economics (1 janv. 1776 – 1 janv. 1870)
Description:
- 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
Ajouté au bande de temps:
Date:
1 janv. 1776
1 janv. 1870
~ 94 years