Assertion: economist's theory | /r/HasProperty | the condition
Facets:
value: for macroeconomics
type: OTHER
Source sentences:
text: For macroeconomics the relevant partial theories were: the Quantity theory of money determining the price level, the classical theory of the interest rate, and for employment the condition referred to by Keynes as the "first postulate of classical economics" stating that the wage is equal to the marginal product, which is a direct application of the marginalist principles developed during the nineteenth century (see The General Theory).