Nelson, Edward (contributor); … - 2008 - Rev.
the labor market. Friedman (1968) argued that the
flaw in this approach was that it made bargaining over real quantities … history by attributing the depth and duration of the
U.S. Great Depression in the 1930s and Japan’s extended slump in the … refute Krugman’s claims that a liquidity trap characterized monetary
policy in the Great Depression in the United States in …