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S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics
Think Like An Economist
Why Do Prices and Wages Adjust Slowly Over Time?
Under classical theory, prices would quickly adjust to any level of demand and restore full employment. John meter kanes thought that aggregate demand was the key driver to understand business cycles. And so his early work was trying to put cansiin economics on a more solid theoretical foundation.
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