| 单词 | classical model |
| 释义 | classical model A model of the economy in which it is assumed that prices, wages and interest rates are flexible, so that all markets clear. In such an economy factors are fully employed, and the growth of output depends on the growth of available factor supplies. The Solow growth model is an example of a classical model. Classical models are contrasted with models in which either nominal or real price rigidities prevent markets from clearing, and unemployment can occur in equilibrium. It is clear that classical models are not 100 per cent realistic; it is a matter of controversy how much light they shed on long-term trends in real world economies. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。