Kevin d hoover - New Classical Macroeconomics
Kevin Hoover
New Classical Macroeconomics
Kevin Hoover
New Classical Macroeconomics
New Classical Macroeconomics
Similarly, workers would be willing to work more when productivity and wage rates are higher and to take more leisure when their rewards are lower.
An adequate theory must account for persistence—the fact that business cycles typically display long runs of good times followed by shorter, but still significant, runs of bad times.
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