## The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |

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**assumed**that all the growth cost is financed internally . This net cash flow is to be divided up among the stockholders and the employees in the form of dividends and differential earnings . Let be the stockholders ' share of the ...Página 777

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**assumed**fixed , and an imperfect substitute for goods produced in the rest of the world . There are no physical assets , and domestic residents hold only two financial assets : domestic money M , exogenously deter- mined by the ...Página 778

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**assumed**known and is proportional to the current money supply . C. Wealth For simplicity , desired wealth is**assumed**to be a linear function of the ( constant ) value of permanent real income . ( 4 ) W * / P = K where K is a constant ...### Outras edições - Ver tudo

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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero