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Which of the following is NOT an assumption of the classical model?
Q30: If consumption is $650 when real disposable
Q66: When talking about aggregate supply, it is
Q84: A classical model of the economy predicts<br>A)
Q109: Suppose marginal propensity to consume (MPC) is
Q154: Refer to the above figure. If real
Q191: Autonomous consumption is the level of consumption
Q206: Long-run aggregate supply is<br>A) the sum of
Q249: The traditional Keynesian approach to fiscal policy
Q283: According to the real-balance effect, the value
Q369: With reference to the consumption function, the