Abstract
The short-run macro-dynamic model formulated at the end of the previous chapter represents an advance on the simple expository model set out in section 2.2 in that it introduces a considerably more refined consumption function. However, the revised model still retains certain of the defects of the basic model and we must now begin the task of eliminating these further defects.
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© 1971 Ajit K. Dasgupta and A. J. Hagger
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Dasgupta, A.K., Hagger, A.J. (1971). The External Relationships. In: The Objectives of Macro-Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01147-6_3
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DOI: https://doi.org/10.1007/978-1-349-01147-6_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01149-0
Online ISBN: 978-1-349-01147-6
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