Essays in Economics: Macroeconomics
(3) The determination of income by equation (2) is illustrated in the familiar textbook diagram, Figure 24.1. ... The publica#39;s balance sheet is W = K+D = K-L+M + B (5) where B is the publica#39;s holdings of the nonmonetary debt (bonds) of theanbsp;...
| Title | : | Essays in Economics: Macroeconomics |
| Author | : | James Tobin |
| Publisher | : | Markham - 1971 |
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