Titlebook: Aggregate Economic Choice; Harland Wm. Whitmore Textbook 1986 Springer-Verlag Berlin Heidelberg 1986 Asia.Finance.business.economy.institu

Supplement

The Household Sector in the Simple Model, sector, discussed in the present chapter, purchases commodities and equity shares from the nonfinancial business sector. The business sector presented in Chapter 4, buys labor services from the households. Currency, the only type of money in this simple framework, is exchanged in all three of the c

拥挤前

The Nonfinancial Business Sector in the Simple Model,s outstanding at time t is given, this objective is tantamount to maximizing the price which those people who hold its shares at time t could receive for their shares if they were to sell them at time t. But, since all households are viewed as belonging to a single decision-making unit, any trading

噱头

National Product and the Dynamic Properties of the Simple Model,ts supply of labor function. The business sector’s price-setting functions for labor (w.), equity shares (p..) and commodities (p..) are provided by expressions (4.39), (4.41) and (4.44) respectively. The remaining equations in the set numbered (4.37) – (4.45) represent the business sector’s desired

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鞠躬

GUEER

The Nonfinancial Business Sector in the Expanded Model,al goods as well as consumption goods. Consequently in addition to the decisions confronting it in Chapter 4, the sector now must determine (at least tentatively) how many capital goods it will produce in both the current and next periods as well as how many of the capital goods it produces this per

ACTIN

The Private Financial Sector,sector at time t is to maximize its present value. It formulates its plans for the “current” and “next” periods in a manner that maximizes the amount which its shareholders would have to place in their next best alternative (presumably in equity shares issued by the nonfinancial business sector) at

概观

The Central Bank,his philosophy, a central bank somehow possesses superior information, knowledge, or ability to determine the appropriate level of whatever economic variable(s) it seeks to control. Consequently it is justified in attempting to prevent or offset business conditions it considers adverse and to promot

Mere仅仅

The Complete Model of a Closed Economy,developed in the present chapter. This combined model contains markets for consumption goods, capital goods, labor, equity shares of the private financial sector, equity shares of the nonfinancial business sector, personal loans, checkable deposits, government bonds and advances. Together these mark