Abstract
The paper provides a graphical exposition of the most significant results of comparative statics obtained in a four-market macroeconomic model with fixed commodity prices and wages. The main tool of analysis remains the usual IS-LM apparatus modified to account for the possibility of rationing on the goods as well as on the labour market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
