Macroeconomics and Monetary theory

Macroeconomics and Monetary theory

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We could get a reversal of the process with firms trying to disinvest since their capital stock is too large. We can thus generate a business cycle. An alternative approach is based on the notion of a propensity of firma#39;s to invest. The idea is that anbsp;...

Title:Macroeconomics and Monetary theory
Author:Harry Gordon Johnson
Publisher:Transaction Publishers - 1971


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