Demand Policies to Reduce Unemployment
Michael Carter and
Rodney Maddock
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Michael Carter: The Australian National University
Rodney Maddock: The Australian National University
Chapter 3 in Rational Expectations, 1984, pp 43-88 from Palgrave Macmillan
Abstract:
Abstract The central problem of macroeconomic policy is generally seen to be the management of the level of aggregate activity in the economy so as to achieve certain desired goals such as full employment and the absence of inflation. In this chapter we consider some of the economic theory required for an understanding of the macroeconomomic policy problem.
Keywords: Price Level; Real Wage; Money Supply; Rational Expectation; Aggregate Demand (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17644-1_3
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DOI: 10.1007/978-1-349-17644-1_3
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