The study of macroeconomics is organized around three models at different time periods, list the three models and distinguish among them
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Solution 1
The study of macroeconomics is indeed organized around three main models that correspond to different time periods. These models are:
- The Classical Model: This model is based on the long-run period. It assumes that the economy is always at full employment or will return to it quickly if it devia Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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