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A variety of theories have been offered to explain why prices generally respond so little to declines in demand, and do so now less than formerly. Most of these center around a dependence of prices on costs, or the anticipated trend of costs, and a greater disregard for short-run changes in...
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Phillip Cagan (Herausgeber): The Economy in Deficit. Essays in Contemporary Economic Problems. American Enterprise Institute, Washington DC. 1985, 333 Seiten, Paperback 9,95 Dollar, Hardcover 20,95 Dollar
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A variety of theories have been offered to explain why prices generally respond so little to declines in demand, and do so now less than formerly. Most of these center around a dependence of prices on costs, or the anticipated trend of costs, and a greater disregard for short-run changes in...
Persistent link: https://www.econbiz.de/10013248713