classical dichotomy การใช้
- In macroeconomics if all wages and prices are perfectly flexible, then money is neutral and the classical dichotomy holds.
- The classical dichotomy was integral to the thinking of some pre-Keynesian economists ( " new classical theories of macroeconomics.
- In macroeconomics, nominal rigidity is crucial in explaining how money can affect the real economy and why the classical dichotomy breaks down.
- The neoclassical idea that nominal factors cannot have real effects is often called " monetary neutrality " or also the " classical dichotomy ".
- It has been noted that Pirsig s Romantic / Classical dichotomy resembles Nietzsche s Dionysian / Apollonian dichotomy as described in The Birth of Tragedy.
- But if the classical dichotomy holds, nominal income will eventually go up by 10 %, leaving real income unchanged from its original value.
- The classical dichotomy is the assumption that there is a relatively clean distinction between overall increases or decreases in prices and underlying, nominal economic variables.
- According to the classical dichotomy theory, real variables and nominal variables are separate in the long run, so they are not influenced by each other.
- However, money should be neutral in the long run, and the classical dichotomy should be restored in the long-run, since there was no relationship between prices and real macroeconomic performance at the data level.
- In the strict sense, money is not neutral in the short-run, that is, classical dichotomy does not hold, since agents tend to respond to changes in prices and in the quantity of money through changing their supply decisions.
- With Heidegger, phenomenology tries to go beyond the classical dichotomy between subject and object, because they are linked by an inseparable and original relationship, in the sense tha there can be no world without a subject, nor the subject without world.
- The general price " level " is distinguished from a price " index " in that the existence of the former depends upon the classical dichotomy, while the latter is simply a computation, and many such will be possible regardless of whether they are meaningful.
- A growing class of young, educated, secular citizens with access to modern media such as Al Jazeera ( since 1996 ) and communicating via the internet began to form a third force besides the classical dichotomy of Pan-Arabism vs . Pan-Islamism that had dominated the second half of the 20th century.