The Foundation of Modern Macroeconomics Ut of the model. The parameters of demand and supply were set
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The Foundation of Modern Macroeconomics Ut of the model. The parameters of demand and supply were set at ao = 3, al = 1, bo = 1, and b1 = 1, which implies that the deterministic equilibrium price is P = 1.
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Foundations Of Modern Macroeconomics
ISBN: 9781264857937
1st Edition
Authors: Ben J. Heijdra, Frederick Van Der Ploeg
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