Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10005554161
The Classical Equations describe output and income in real terms. To use them to analyse aggregate demand, the transactions they describe must be 'monetised'. A sum of money equal to the wage bill of the capital goods sector can be shown to be necessary and sufficient to carry out all...
Persistent link: https://www.econbiz.de/10005562891