In Chapter 4, you learned about the difference between flow variables and stock variables. Which theory of
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In Chapter 4, you learned about the difference between flow variables and stock variables. Which theory of the interest rate (long-run/classical or the short-run theory of this chapter) relies on stock variables, and which uses flow variables? Explain briefly.
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The longrunclassical theory relies on f...View the full answer
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Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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