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Hall Result
Income Growth
Keynes Principle
Clower DDH
Trade Effect
U.S. Presidential
Home
Hall Result
Income Growth
Keynes Principle
Clower DDH
Trade Effect
U.S. Presidential
Wu's corrected index of summation and income growth
Contrary to Hall/Flavin, I have just shown that
change in consumption must be a function of income
. This is the correct result using microfoundation optimization.
Furthermore . . .