A simple macroeconomic model with a government budget restraint

It is the purpose of this paper to introduce the government budget restraint into a very simple theoretical static macroeconomic model of aggregate demand with a rigid price level, and to show how the analysis of macroeconomic policies is affected by the budget restraint.[1] To summarize: the result...

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Bibliographic Details
Main Author: Christ, Carl F
Format: Book
Published: Chicago, Ill. University of Chicago Press January-Febrary, 1968
Series:Journal of Political Economy n. 1
Subjects:

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