Who Said About Classical Economic Theory: "The Long Run Is

question 74

Short Answer

Who said about classical economic theory: "the long run is a misleading guide to current affairs. In the long run we are all dead"?

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Definitions:

Complement

A good or service that is used together with another good or service, which increases the demand for each other.

Financing

The process of providing or obtaining the funds necessary for investment, purchase, or undertaking a project.

Normal Good

A good whose demand varies directly with income; nearly all goods are normal goods.

Demand

The measure of goods or services that consumers are inclined and able to procure at assorted prices during an established period.