terça-feira, 2 de junho de 2009

Classical Macroeconomic Model

Hi!
A new article is posted on SayEconomy.com. The title of it is 'Classical
Macroeconomic Model'

Classical macroeconomic model is first developed by French economist
Jean-Baptiste Say (1767-1832), and later revised by other classical
economists.[ad#ad-4]

Through the assumptions of factor and product price flexibility, and in the
absence of regulations which prevent the market adjustment of demand and supply,
full employment equilibrium will be reached in the classical macroeconomic
model.

Written by: Jayashree [...]

You can read the article by clicking here:
http://www.sayeconomy.com/classical-macroeconomic-model/

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