Economics 104B, Section 1

By Frank Lopez,2014-02-11 02:03
8 views 0
Economics 104B, Section 1 Prof. Steve Fazzari Solutions to Problem Set #4 Spring, 2011 1. According to demand-side theory, firms produce what they can (or what they expect) to sell. If aggregate demand declines, firms will sell less. As a result, they produce less and employ less labor. The three main channels we discussed through which higher interest rates c..

Report this document

For any questions or suggestions please email