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seek full employment, Pollin writes. Full employment will help individuals, families, and the economy as a whole, while … promoting equality and social stability. Equally important, creating a full-employment economy can be joined effectively with … two other fundamental policy aims: ending our dependence on fossil fuels and creating an economy powered by clean energy …
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Aggregation lies at the heart of macroeconomics. Economists using such aggregates as capital, investment, labor, and even output or GNP assume that such constructions have a sound analytic foundation. The question of the existence of aggregate production functions is not only part of the...
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