Hartman, Harrison C. - 2024
AND BREAKS IN TREND: DOES HYSTERESIS IN EMPLOYMENT IMPLY HYSTERESIS IN THE GROWTH PATH OF REAL OUTPUT? -- CHAPTER 7 … nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …