Question
Describe the differences between the Keynesian closure of the labor market and the classical closure, in particular explain the mechanism of the adjustment of wages
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Describe the differences between the Keynesian closure of the labor market and the classical closure, in particular explain the mechanism of the adjustment of wages and employment/unemployment under the two closures.
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Explain the consumer optimization problem when leisure is one of the factors affecting consumer utility.
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Econophysics And Financial Economics An Emerging Dialogue
Authors: Franck Jovanovic, Christophe Schinckus
1st Edition
0190205032, 9780190205034
