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Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
In economics, a Swan Diagram, also known as the Australian model (because it was originally published by Australian economist Trevor Swan [1] in 1956 to model the Australian economy during the Great Depression), represents the situation of a country with a currency peg.
Paul Krugman argued that this assumption would mean that 25% unemployment at the height of the Great Depression (1933) would be the result of a mass decision to take a long vacation. [5] 3. Monetary policy is irrelevant to economic fluctuations. Nowadays, it is widely agreed that wages and prices do not adjust as quickly as needed to restore ...
[[Category:Economics templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Economics templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
{{Economics | state = expanded}} will show the template expanded, i.e. fully visible. {{Economics | state = autocollapse}} will show the template autocollapsed, i.e. if there is another collapsible item on the page (a navbox, sidebar, or table with the collapsible attribute), it is hidden apart from its title bar, but if not, it is fully visible.
Isoelastic utility for different values of . When > the curve approaches the horizontal axis asymptotically from below with no lower bound.. In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function, is used to express utility in terms of consumption or some other economic variable that a decision-maker is concerned with.
The Curriculum Open-Access Resources in Economics Project (CORE Econ) is an organisation that creates and distributes open-access teaching material on economics.The goal is to make teaching material and reform the economics curriculum. [1]
The first assumption is essentially saying that the IS curve (demand for goods) position is in some way dependent on the real effective exchange rate Q. That is, [IS = C + I + G +Nx(Q)]. In this case, net exports is dependent on Q (as Q goes up, foreign countries' goods are relatively more expensive, and home countries' goods are cheaper ...