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What assumptions are made in the Neoclassical model that lead to the conclusion that the economy does contain a self-correcting mechanism. What variables or curves change, and why does that lead an economy away from a disequilibrium and back toward full employment?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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