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 484
... output q ;; that the firm chooses its optimal ( expected utility - maximizing ) output level in advance of production ; and that it cannot alter its output level during the production period . The optimal output level q * is that at ...
... output q ;; that the firm chooses its optimal ( expected utility - maximizing ) output level in advance of production ; and that it cannot alter its output level during the production period . The optimal output level q * is that at ...
Página 831
ferences between aggregate demand and aggregate output . As noted above , the output adjustment equation is separable from the rest and implies that output always adjusts to the equilibrium level , regardless of the magnitude of the ...
ferences between aggregate demand and aggregate output . As noted above , the output adjustment equation is separable from the rest and implies that output always adjusts to the equilibrium level , regardless of the magnitude of the ...
Página 987
... output on time , lagged output ( more than one lagged value of output was insignificant ) , and the current and lagged unexpected inflation series which yielded the best fit . Generally the unexpected inflation series was derived from ...
... output on time , lagged output ( more than one lagged value of output was insignificant ) , and the current and lagged unexpected inflation series which yielded the best fit . Generally the unexpected inflation series was derived from ...
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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