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Collapsing growth in China and a reemergence of the sovereign debt crisis in Europe could give deflation the upper hand. CLASSICAL: classes NEOCLASSICAL: individuals MARXIST: classes DEVELOPMENTALIST: no strong view, but more focused on classes AUSTRIAN: individuals SCHUMPETERIAN: no particular view KEYNESIAN: classes INSTITUTIONALIST: individuals and institutions BEHAVIOURALIST: individuals, organizations and institutions Individuals are.

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