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Title: Neo-Classical Economists (Monetarist) View
Description: An outline with diagram of the Neo-Classical Economists, or Monetarist view on how the economy works.

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Neo-Classical Economists (Monetarist) View

Long run equilibrium in the macro economy
...
Then wages will fall, causing short run aggregate supply to increase
meaning that more people will then become employed, then real disposable income for
consumers rises causing aggregate demand to rise which means that firms expand increasing
the price of CELL, meaning wages will rise
...
(Y*) They believed that this
occurred naturally and government intervention is not needed
Title: Neo-Classical Economists (Monetarist) View
Description: An outline with diagram of the Neo-Classical Economists, or Monetarist view on how the economy works.