Todorova, Tamara Peneva; Myftarallari, Brikena - In: Economies : open access journal 12 (2024) 5, pp. 1-21
We analyze various determinants of the average price level using a strictly mathematical approach. Starting with the … average price level in a simple partial market equilibrium model. Then, we discuss the effect of supply shifters such as the … interest rate, and the average price level, while the effect of imports is just the opposite. Government spending raises the …