Compare the assumptions and implications of the OLG models of this chapter with the ISLM and ASAD

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Compare the assumptions and implications of the OLG models of this chapter with the IS–LM and AS–AD models for

(a) exogenously given endowments of commodities and without labor explicitly in the analysis;

(b) the labor market and production functions of the type usually assumed in the IS–LM and AD–AS models.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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