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There are two generally accepted ways of plotting the aggregate demand (AD) and aggregate supply (AS) curves in the goods market. One puts the price level on the vertical axis (the P - y approach); the other plots the real interest rate on the vertical axis (the r - y approach). This paper...
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Frontmatter -- Preface -- Contents -- Tables, Graphs, and Charts -- CHAPTER I. Introduction and Previous Researches -- CHAPTER II. Income, the Price Level, and Generalized Multipliers in Keynesian Economics -- CHAPTER III. Empirical Relationships between Wage Changes, Unemployment, and Price...
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