The American Economic Review, Volume 70,Edições 3-5American 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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Página 818
... adjustment assumptions than those implicit in equation ( 14 ) of my paper . ' Indeed , I have been able to find only one class of adjustment mechanisms under which the fixed - prices model with proportional intersectoral factor - price ...
... adjustment assumptions than those implicit in equation ( 14 ) of my paper . ' Indeed , I have been able to find only one class of adjustment mechanisms under which the fixed - prices model with proportional intersectoral factor - price ...
Página 831
... adjustment process ( as quoted above ) if it is assumed that the supply curve for output of each firm is vertical . However if the expected rate of inflation adjusts towards the actual rate by the Cagan learning hypothesis , then it is ...
... adjustment process ( as quoted above ) if it is assumed that the supply curve for output of each firm is vertical . However if the expected rate of inflation adjusts towards the actual rate by the Cagan learning hypothesis , then it is ...
Página 832
... adjustment mechanism of the economy may be too weak to eliminate persistent unemployment " ( pp . 201-02 ) , is strengthened since it follows not only if entrepreneurs follow the Walrasian adjustment process , but also if they follow ...
... adjustment mechanism of the economy may be too weak to eliminate persistent unemployment " ( pp . 201-02 ) , is strengthened since it follows not only if entrepreneurs follow the Walrasian adjustment process , but also if they follow ...
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Palavras e frases frequentes
adjustment analysis assets assumed assumption average behavior capital coefficient consider constant consumer consumption cost countries curve defined demand depends derived determined developed discussion distribution earnings Econ Economic effect efficient equal equation equilibrium estimates example exchange exist expected Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment labor less marginal maximize mean measure ment monetary Note observed obtained optimal output percent period positive possible preferences present problem production profits quantity ratio reduced regulation relative respect risk saving share social substitution supply Table Theory tion trade unemployment United University utility utility function variables wage welfare workers yields zero