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Aggregate Production Generalaggregate Production Germany

An economy is said to be at equilibrium when aggregate expenditure is equal to the aggregate supply (production) in the economy. The economy is constantly shifting between excess supply (inventory) and excess demand. As a result the economy is always moving towards an equilibrium between the aggregate expenditure and aggregate supply. On the aggregate expenditure model equilibrium is . We are here for your questions anytime 24/7, welcome your consultation.

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Production chains and general equilibrium aggregate dynamics Recent empirical studies reveal that monetary shocks can cause persistent fluctuations in aggregate output. In this paper we propose a mechanism to help generate such persistence. Our dynamic stochastic general equilibrium model features a vertical input–output structure with staggered price contracts at each stage of

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