Classical Economics (1 gen 1776 anni – 1 gen 1870 anni)
Descrizione:
- 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
Aggiunto al nastro di tempo:
Data:
1 gen 1776 anni
1 gen 1870 anni
~ 94 years