The Flexible-Price Full-Employment Medium-Run Model: Components of Aggregate Demand
- C = C0 + C y(1-t)Y
- I = I0 - Irr
- G = G
NX = XfYf + Xee - IMyY
e = e0 - er(r-rf)
Y = C + I + G + NX
Y = Y*
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NX = XfYf + Xee - IMyY
e = e0 - er(r-rf)
Y = C + I + G + NX
Y = Y*
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.J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank of San Francisco, and Chair of Berkeley's Political Economy major.
It's the summer. No regular office hours. Emailing delong@econ.berkeley.edu for an appointment also produces good results.
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