Grieve, Roy H - Economics Department, University of Strathclyde - 2009
STRATHCLYDE
DISCUSSION PAPERS IN ECONOMICS
PRICE FLEXIBILITY AND FULL … STRATHCLYDE
GLASGOW
1
Price flexibility and full employment:
a common misconception
1 … (with flexible prices)
in the longer term.
KEY WORDS:
PRICE FLEXIBILITY; GENERAL EQUILIBRIUM (MACRO) MODELS …