Respuesta :
They question the new assumption that "wages and prices are equally flexible upward and down ward
Mainstream economists question the new classical assumption that wages and prices are equally flexible upward and downward. A classical assumption is an assumption of classic linear regression models CLRM, which shows the different assumptions that can be made when wages and prices of items change. It shows that they are flexible in nature because they are able to move around with the change in one another.
