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classical model (E1)<br />A formal macroeconomic model of the economy which assumes that factor and product prices are completely flexible so that there are no rigidities to prevent market clearing. This economy will have FULL EMPLOYMENT of its resources when it is in equilibrium. KEYNES associated this view of the economy particularly with the French economist Jean Baptiste SAY, although it is possible to find other classical economists, including James MILL, who use similar assumptions.
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<strong>CTSF</strong> – Change Transaction Send File, the CommonLine file type used to send change transactions to guarantors, lenders, and/or servicers so that FFEL Program loans may be updated. CTSFs are divided into pre-disbursement transactions (@1-09) and post-disbursement change transactions (@1-10).
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