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Elements of National Income Theory
Advanced Analysis of National Income Determination
Some Problems in the Analysis of Equilibrium
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addition to wealth adjustment aggregate American Economic Association amount analysis assets assume assumption behavior changes in income Chapter coefficients considered constant consumer consumption function cost current income demand curve depends determined discussion distributed lag durable economic effect employment equal equations equilibrium values example expected expenditure sector curve fall firms fluctuations forecast full-employment real income future given government expenditures higher hold household imperfect competition implies increase inflation interest rate investment function involved labor long-run measured ment monetary authority monetary policy monetary sector curve money supply moving average multiplier national income output overall equilibrium period permanent income Pigou effect positive possible price level problem production function productive services profits quantity of money rate of interest real cash balances real rate real wage relative prices result rise saving shift shown in Figure slope supply curve suppose tend tion true variables zero