ECONOMICS-2015: Daily Answer Writing Challenge – 3
ECONOMICS-2015: Daily Answer Writing Challenge – 3 Archives Advanced Micro Economics: 1) Show how investment and savings propensities determine distributive shares in the Kaldor theory of distribution. Suppose the investment is not exogenous as in Kaldor’s original model but that it varies with profits. What does this mean for the stability of the Kaldor model …
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