Business, 29.02.2020 00:23 shanedietz44ovi6rb

In the Classical view of the credit market, an increase in saving will lead to a decline in the and to an increase in investment. Saving is the difference between disposable income and . Classical economists assume that that prices and wages are . If Real GDP is less than Natural Real GDP, the economy is in a (an) gap. If Real GDP is greater than Natural Real GDP, the economy is in a (an) gap. When the economy is in a recessionary gap, the unemployment rate is than the natural unemployment rate. When the economy is in an inflationary gap, the unemployment rate is than the unemployment rate.

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In the Classical view of the credit market, an increase in saving will lead to a decline in the and...